MS-CKA @EC2608A

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

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Gao Li Hong Kong's Senior Director of Valuation and Consulting Services, Hou Zhigang, stated that the supply of private residential units in the next five years is approximately 98,000, averaging about 19,600 units per year, which aligns with the market's absorption capacity. The government will launch 13 residential land plots, some of which are located in mature urban areas, in line with future development plans. Despite the active leasing in the commercial market, the vacancy rate for Grade A office buildings remains as high as 17.5%. The bidding for high-end residential land may restart after the market recovers to boost market confidence

AASTOCKS

HENDERSON LAND

Yinhua CSI Interior Real Estate Theme ETF

Hwabao WP CSI 800 Real Estate ETF

CK ASSET

SHK PPT

NEW WORLD DEV

GF CSI All Share Financials ETF

China Southern CSI All Share Real Estate ETF

ChinaAMC CSI All Share Real Estate ETF

Gao Li: The average annual supply of private residential units in the next five years is about 19,600, which is at a market digestible level

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The Hang Seng Index closed at 26,630 points, up 249 points or 0.9%; the Hang Seng Tech Index reported 5,137 points, up 28 points or 0.6%. The total market turnover was HKD 288.42 billion. Among the active blue-chip stocks, Tencent rose 1.2%, MEITUAN rose 0.9%, and Hong Kong Exchanges and Clearing rose 0.9%. New World Development, Shenhua, CK ASSET, BOC HONG KONG, TECHTRONIC IND, and other stocks reached new highs with strong trading volume

TECHTRONIC IND

MEITUAN

Hang Seng Composite Index

BOC HONG KONG

FL2 CSOP HSI

FI CSOP HSI

According to the Hong Kong Daily News, the Hang Seng Index closed at 26,630 points, up 249 points; the Hang Seng Tech Index closed at 5,137 points, up 28 points. Sun Hung Kai Properties rose over 7%. Sun Hung Kai Properties, Shenhua, CK ASSET, BOC HONG KONG, and TECHTRONIC IND reached new highs with active trading

Citi has upgraded CK ASSET's rating from "Neutral" to "Buy," raising the target price from HKD 39 to HKD 54.55. Citi views CK ASSET's sale of minority stakes in the UK railway project and UK Power Networks positively, believing it demonstrates the group's profitability and signals a potential shift in capital allocation. The new projects are expected to support growth in contract sales in Hong Kong, although the office and retail markets in Hong Kong remain challenging

Citigroup upgraded CK ASSET's rating to "Buy" and raised the target price to HKD 54.55

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UBS pointed out that the transaction in which CK Infrastructure, Power Assets, and CK Asset sold UKPN to Engie is overall positive for Power Assets, with an expected revenue of approximately HKD 10.7 billion. The transaction valuation is attractive, but the likelihood of a special dividend distribution in the short term is low, and Power Assets may be more inclined to use the funds for new acquisitions. The "Buy" rating on Power Assets is maintained, with a target price of HKD 70

Penghua CSI All Share Utilities ETF

GF CSI All Share Power Public Service ETF

POWER ASSETS

CKI HOLDINGS

UBS: Selling UKPN is positive for POWER ASSETS

BABA

BABX

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The Hang Seng Index closed at 26,578 points, up 197 points or 0.7%; the Hang Seng Tech Index reported 5,162 points, up 53 points or 1.0%. The China Enterprises Index rose 35 points to 8,849 points. Among the active blue-chip stocks, Tencent rose 2.8% to HKD 526.5, Meituan rose 2.1% to HKD 82.1, and Alibaba rose 1% to HKD 144.5. Sun Hung Kai Properties hit a new high, closing at HKD 145.6, up 6.8%; CK Asset, TECHTRONIC IND, and Cathay Pacific also reached new highs

Alibaba

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

FI2 CSOP HSI

TENCENT

Tencent

Tencent Holdings Limited

CATHAY PAC AIR

Meituan

CSOP HS TECH

BABA-W

Krne Csi China Internet

The Half-Day Report: The Hang Seng Index closed at 26,578 points, up 197 points; the Hang Seng Tech Index closed at 5,162 points, up 53 points. Sun Hung Kai Properties rose over 6%. Sun Hung Kai Properties, CK Asset, TECHTRONIC IND, and CATHAY PAC AIR reached new highs

CK ASSET's basic profit is expected to drop by 4% to HKD 13.2 billion last year, with a full-year dividend per share rising by 2% to HKD 1.77. CK Infrastructure, POWER ASSETS, and CK ASSET announced the sale of their entire stake in UK Power Networks to the French utility company Engie, with a transaction value of approximately GBP 10.548 billion. Morgan Stanley expects CK ASSET to achieve a profit of HKD 8.4 billion, with a net income of HKD 22.2 billion and a dividend payout ratio of 47%. The target price remains at HKD 47, with a rating of "Overweight."

Morgan Stanley expects CK ASSET's basic profit last year to drop by 4% to HKD 13.2 billion, estimating a 2% increase in annual dividend per share to HKD 1.77

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The Hang Seng Index closed at 26,381 points, down 384 points or 1.4%. The Hang Seng Tech Index reported 5,109 points, down 151 points or 2.9%. The National Index fell 220 points or 2.4%, closing at 8,814 points. The total market turnover was HKD 259.277 billion. Ping An fell 4.6%, and Alibaba dropped 3.6%. Cheung Kong Infrastructure, CLP Holdings, CK ASSET, Techtronic Industries, and HSBC reached new highs with active trading

PING AN

According to the Hong Kong Daily News, the Hang Seng Index fell by 384 points; the Hang Seng Tech Index dropped by 151 points. Ping An fell over 4%, Alibaba dropped over 3%. Cheung Kong, CLP, CK ASSET, Techtronic, and HSBC hit new highs with active trading

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CK Hutchison subsidiaries Power Assets, CK Infrastructure, and CK Asset plan to sell UK Power Networks to France's Engie for £10.5 billion (US$14.24 billion). Power Assets expects a gain of HK$10.7 billion (US$1.37 billion) from its 40% stake, while CK Asset anticipates HK$8.4 billion from its 20% stake. CK Infrastructure estimates a gain of HK$14.5 billion from its 40% stake. The sale is pending shareholder and regulatory approvals, with an enterprise value of approximately £15.8 billion.

marketscreener

Select Sect Spdr Util

CKH HOLDINGS

ISHRS S&P Glb Utilities

ADOMANI

VG Utilities

Bosera CSI All Share Electric Utilities ETF

CK Hutchison Holdings

ChinaAMC Green Electricity ETF

Power Assets Holdings

CK Hutchison Subsidiaries, CK Asset to Sell U.K. Electricity Distributor to France's Engie

CK Group sold its entire stake in UK Power Networks to the French company Engie through Cheung Kong Infrastructure, Power Assets, and CK Asset, with a transaction amount of approximately £10.548 billion. CK Group Chairman Li Ka-shing stated that they will continue to seek investment opportunities, focusing on regulated industries and long-term contract projects. Cheung Kong Infrastructure Co-Managing Director Zhen Da'an described this transaction as an important milestone, reflecting Cheung Kong's strength in the utilities sector, and emphasized the significant performance improvement since the acquisition of UKPN in 2010

Over 100 billion sold in UK distribution assets, Li Zeju: Changjiang Group will continue to seek investment and development opportunities

CK ASSET's Blue Coast project at Wong Chuk Hang Station, in collaboration with MTR Corporation, has received approval for the transfer agreement, and the owners will be notified to commence the handover process. The remaining 71 units will be sold in their current condition, and the developer will announce the latest price list and sales arrangements tomorrow. Today, the developer opened the show flat for media visits for the first time, showcasing the E unit on the 32nd floor of the second building, with a usable area of 792 square feet, which includes three bedrooms, one suite, a storage room, and a bathroom

The Blue Coast at Wong Chuk Hang Station has been approved for the transfer agreement, and the latest price list and sales arrangements will be announced tomorrow

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JP Morgan released a research report, updating the investment ratings and target prices for several real estate stocks. The rating for SHK PPT was upgraded from Neutral to Overweight, with the target price raised from HKD 109 to HKD 162; CK ASSET maintained a Neutral rating, with the target price increased from HKD 41 to HKD 48.5; HENDERSON LAND maintained an Overweight rating, with the target price raised from HKD 33 to HKD 39; NEW WORLD DEV maintained a Neutral rating, with the target price increased from HKD 9.5 to HKD 10.7; SINO LAND maintained an Overweight rating, with the target price raised from HKD 12.5 to HKD 14.5

SINO LAND

HENDERSON INV

"Major Banks" JP Morgan's Investment Ratings and Target Prices for Real Estate Stocks (Table)

$CKH HOLDINGS(00001.HK) Comparison of CK Hutchison Holdings' performance in 2023 and 2024: The chairman's report significantly reduced the text coverage of port retail and infrastructure businesses compared to 2023, and there was no mention of the Panama Canal terminal transaction. Additionally, CK Asset Holdings canceled the press conference and analyst meeting, clearly reducing voluntary disclosure risks.$CK ASSET(01113.HK)Moreover, the performance report didn't mention it, and even the outlook was so short. Does this mean they don't even dare to think too far ahead???

ING Groep

MS-CKA @EC2608A(25826.HK)

Gao Li: The average annual supply of private residential units in the next five years is about 19,600, which is at a market digestible level

Citigroup upgraded CK ASSET's rating to "Buy" and raised the target price to HKD 54.55

UBS: Selling UKPN is positive for POWER ASSETS

The Half-Day Report: The Hang Seng Index closed at 26,578 points, up 197 points; the Hang Seng Tech Index closed at 5,162 points, up 53 points. Sun Hung Kai Properties rose over 6%. Sun Hung Kai Properties, CK Asset, TECHTRONIC IND, and CATHAY PAC AIR reached new highs