BUZZ-Hong Kong developer CK Asset falls on 2024 profit dip

Reuters
03-21
BUZZ-Hong Kong developer CK Asset falls on 2024 profit dip

** Hong Kong property developer CK Asset Holdings 1113.HK falls 5.9% to HK$31.65, lowest since February 6

** Stock set for biggest one-day pct drop since October 8, 2024; top pct loser on Hang Seng Index .HSI and Hang Seng Property Index .HSNP, which are down lips 0.5% and 0.6% respectively

** CK Asset posts 20% y/y drop in 2024 profit attributable

** Declares final dividend of HK$1.35, a 16.7% y/y decline

** Stock down 0.6% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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