Morgan Stanley: CK Asset Holdings (01113.HK) capital return visibility remains limited; maintains "In-line with the Market" rating.

Zhito Finance APP has learned that Morgan Stanley issued a research report stating that it has updated the risk-reward framework for CK Asset Holdings (01113.HK), incorporating the company's first-half results this year, and lowered its underlying profit forecasts for each year from 2026 to 2028 by 2%, 5%, and 3% respectively, to reflect the bank's latest assumptions on retail and office renewal rent adjustments, occupancy rates, and interest rates, as well as the updated recognition and completion timetable for development properties, and lowered CK Asset Holdings' underlying profit forecasts for each year from 2026 to 2028 by 2%, 5%, and 3% respectively, while maintaining a target price of HKD 49 and an "In-Line" rating..