CK ASSET(HK:01113) Ge Long Hui·2025-08-19 03:51Core Viewpoint - The report from Credit Lyonnais indicates that the basic profit of the company increased by 1.2% year-on-year in the first half of the year, aligning with the interim dividend [1] Group 1: Financial Performance - Despite a decline in rental income, the company's recurring income remained stable due to robust growth in bar operations and infrastructure projects [1] - The target price for the company has been raised from HKD 31.3 to HKD 34.1, while maintaining a "Hold" rating [1] Group 2: Future Outlook - It is believed that the profit drag from residential properties in Hong Kong will decrease starting in 2026, as the company plans to launch major projects by the end of 2025 [1] - Sufficient provisions have been made for these projects, including Blue Coast and Flower Language Sea, which are both high-cost land projects [1]