[ET Net News Agency, 10 January 2020] J.P. Morgan raised its target price for CK Asset
Holdings (CKA)(01113) to HK$75.5 from HK$68.8 and maintained its "overweight" rating.
The research house said CKA's diversified recurrent earnings base is likely to be the
focus in 2020. JPM expects CKA to increase dividends in 2019 as recurrent income is
accounting for >70% of its earnings.
Other catalysts include (1) strong expected earnings growth in 2019 supported by strong
HK development booking and new contribution from the acquisition of Greene King; and (2)
potential launch of LOHAS Park Ph8 and Borrett Road projects. (KL)