CK Asset H1 2026 profit rises 38% on UK asset sales

CK Asset Holdings Ltd. on Tuesday reported a 38% year-on-year increase in first-half 2026 profit, citing proceeds from asset sales in the United Kingdom as the primary driver of growth.

The Hong Kong-based property developer, controlled by billionaire Li Ka-shing’s CK Hutchison, did not disclose the exact profit figure in initial slides. Revenue for the six months to June 30 also rose, though details were not provided. The company attributed the improvement to strategic divestments in its UK portfolio, which offset softer conditions in other markets.

Shares in CK Asset were up 2.1% in early Hong Kong trading following the release of the results. The company has increasingly focused on asset recycling, selling non-core properties to reinvest capital into higher-yielding opportunities. Management highlighted the UK as a key market for these transactions, though it did not specify the types of assets sold.

Analysts noted that the profit growth aligns with broader trends in the Asian property sector, where developers are prioritizing liquidity amid elevated financing costs. CK Asset’s strategy contrasts with peers that have maintained larger property holdings during the current cycle.

The company is scheduled to release full financial statements in August, which will provide further clarity on the profit breakdown and asset performance.