[ET Net News Agency, 15 December 2023] Goldman Sachs lowered its target price for CK
Asset (01113) to HKD55.6 from HKD56.7 and maintained its "buy" rating.
The research house said it changed FY23E/24E/25E EPS estimates by +5%/-20%/-23% and
trimmed FY24E/25E DPS forecasts by 4%/6%, reflecting DP booking and IP business trends.
It maintains CK Asset as its only "buy" rating within covered developers given the most
diversified business portfolio, the most sustainable dividend payout, and attractive P/B
against above-peers ROA and ROE. (RC)