- 2014 first half profits attributable to shareholders rose 59% to HK$21.4 billion ($2.76 billion).
- A HK$8.0 billion ($1.0 billion) disposal gain from the separate listing of its Hong Kong electricity business.
- I reaffirm my bullish outlook, despite the 26% rise in the value of the shares over the past 52 weeks.
- Hong Kong's property market isn't the picture of health, but it has held up better than expected, leading to year-to-date gains for developers like Cheung Kong.
- Cheung Kong's high-turnover mass market model reduces risk while the company's large landbank creates opportunities for future development growth.
- Cheung Kong looks about 15% undervalued on a sum-of-the-parts basis, with the Hong Kong residential operations making up less of the total than commonly thought.
Does Share Price Recover After Dividends Are Paid Out On The Ex-Date? A Case Study With Cheung Kong Holdings
- It has been suggested that dividends permanently reduce share price in a relative sense.
- It has also been suggested that dividends only have a temporary effect on share price that disappears after a few days.
- A case study was conducted to investigate the 5-day price change of Cheung Kong Holdings after 15 ex-dates.
- Preliminary statistical analysis suggested that the share price of CK did not recover to the level it was before the dividend was paid.
Cheung Kong Holdings: A Classic Conglomerate Valuation Dilemma
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CHEUY vs. ETF Alternatives
Cheung Kong is an investment holding company. Through its subsidiaries, Co. is engaged in the following services and operations: property development and investment; property and project management; hotel and serviced suite operations; securities investment; and, information technology,... More
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