CLSA Notes CK ASSET's History of Not Issuing Special Dividends

Stock News
4 hours ago

According to a research report from CLSA, CK ASSET (01113) has announced the signing of an agreement to sell a 20% stake in UK Power Networks to a single buyer. The transaction, which includes 40% participation from CK Infrastructure (01038) and 40% from Power Assets (00006), carries a base consideration of HK$22.15 billion. A potential gain of HK$8.4 billion is anticipated from the sale, which remains subject to regulatory approval. This potential gain from the unexpected sale is equivalent to 59% of the forecast net profit for the 2026 fiscal year. CLSA highlighted that CK ASSET has never distributed a special dividend since its listing. Proceeds from the HK$40 billion sale of The Center in 2017 were subsequently used for acquisitions, including UK office buildings (since sold) and infrastructure projects such as the 20% stake in UK Power Networks, opportunistic share buybacks, and a steady increase in dividends.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10