CHKGF - CK Asset Executing On Its Diversification Strategy And Getting Little Credit For It
I wasn’t bullish on CK Asset Holdings (OTCPK:CHKGF) (1113.HK) back in July, largely because I didn’t see a big enough discount to fair value to compensate for the risk of the company’s ongoing strategic shift toward owning/operating more recurring-revenue assets in lieu of property development. CK Asset’s management team was pretty good at property development, but the track record in these new ventures is much shorter and some of the initial investment decisions have been more than a little curious to me.
The shares have since lagged the Hang Seng