Latest news for CK Asset Holdings (OTC:CNGKY) Stock

CK Asset Holdings was the property business arm of the Cheung Kong Group before the spinoff in 2015. It was subsequently renamed CK Asset Holdings from CK Property in 2017. Li Ka-shing and his family remain the largest shareholders of CK Asset over the years, with about a 48% equity stake. The company mainly engages in property development, property investment, and hotel management in Hong Kong and mainland China, while diversifying into social housing, pub operations, and infrastructure management overseas in recent years.

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As Hong Kong markets have sold off hard over the past few months, corporate stock repurchases have surged to an all-time high.

Here&#39;s A List Of The Top 10 Hong Kong Companies Buying Back Their Shares In September

CHEUNG ASSET HLDG UNS/ADR by CK Asset Hldgs Ltd

CK Asset Holdings Ltd

JP Morgan analyst Seth Seifman maintains L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) with a Overweight and lowers the price target from $265 to $255.

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JP Morgan Maintains Overweight on L3Harris Technologies, Lowers Price Target to $255

Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) has surged 23.4% over the past month, but technical analysts remain skeptical about the coin&#8217;s <a href="https://www.benzinga.com/money/chainlink-link-price-prediction">short-term prospect</a>s. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>)</td>
<td>&nbsp;$25.48</td>
<td>$16.3 billion</td>
<td>+2.7%&nbsp;</td>
<td>&nbsp;-2.4%</td>
</tr>
<tr>
<td>Avalanche (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/avax/usd">AVAX</a>)</td>
<td>&nbsp;$35.54</td>
<td>$14.6 billion</td>
<td>+3.2%&nbsp;</td>
<td>&nbsp;-2.9%</td>
</tr>
<tr>
<td>Stellar (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xlm/usd">XLM</a>)</td>
<td>&nbsp;$0.4188</td>
<td>$12.8 billion</td>
<td>-3.7%&nbsp;</td>
<td>-4.9%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Crypto analyst Michael van de Poppe believes Chainlink will be crucial for banks integrating DeFi in the coming years. 
He expects significant expansion over the next six months, citing a higher low and an ongoing uptrend.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Banks can do custody in the U.S. Banks are very likely going to do <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw">#DeFi</a> in the coming years. What do they require?<a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LINK</a> for data transmission / oracle. I think we&#39;ll have a significant expansion in the coming 6 months as, technically, a HL is made and trend is upward. <a href="https://t.co/Gt37PcEayM">pic.twitter.com/Gt37PcEayM</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1885309557649396112?ref_src=twsrc%5Etfw">January 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Meanwhile, technical analyst Ali Martinez noted that LINK is consolidating within a range, advising traders to wait for price action near key levels before entering. 
He <a href="https://x.com/ali_charts/status/1885282349698449868">emphasized</a> that LINK is currently near the mid-range, making it less favourable for new entries.
<ul>
<li>Upper Boundary: $25.75 – A test could lead to rejection and a pullback toward $24 or lower.</li>
<li>Lower Boundary: $22.00 – A retrace here could provide a long opportunity, but a breakdown might signal further downside.</li>
</ul>
Statistics: IntoTheBlock data shows LINK's large transaction volume declined 24.3% and daily active addresses increased by 8.3%. Transactions greater than $100,000 declined from 449 to 325 in a single day. At current price levels, 81% LINK holders are making profit.
Community News: Chainlink <a href="https://blog.chain.link/chainlink-defi-yield-index/">announced</a> the launch of a new product &#8211; Chainlink DeFi Yield Index – targeted at the decentralized finance market. 
It is a data product that leverages the decentralized oracle network's standard to aggregate lending rates across the decentralized finance ecosystem. 
Chainlink also <a href="https://x.com/chainlink/status/1884648067439165907">launched</a> Data Streams on Scroll, a zero-knowledge-proof-powered scaling solution for Ethereum. 
This will enable developers on Scroll's zkEVM platform with access to Chainlink's low-latency market data.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42846550/ripple-announces-chainlink-integration-to-boost-rlusd-stablecoin">Ripple Announces Chainlink Integration To Boost RLUSD Stablecoin</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Chainlink Up 23% In A Month: What Is Going On With LINK?

JP Morgan analyst Ken Goldman maintains Kraft Heinz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) with a Neutral and lowers the price target from $36 to $32.

JP Morgan Maintains Neutral on Kraft Heinz, Lowers Price Target to $32

JP Morgan analyst Harlan Sur maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Underweight and lowers the price target from $26 to $23.

INTC

JP Morgan Maintains Underweight on Intel, Lowers Price Target to $23

JP Morgan analyst Jeffrey Zekauskas maintains Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) with a Overweight and lowers the price target from $47 to $40.

JP Morgan Maintains Overweight on Dow, Lowers Price Target to $40

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Global

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White House Says Trump Has Not Made Up Mind On Tariff Timeline For EU

Haemonetics's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAE#NYSE">HAE</a>) short percent of float has fallen 5.16% since its last report. The company recently reported that it has 4.96 million shares sold short, which is 15.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.85 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Haemonetics Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738349123_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Haemonetics has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Haemonetics's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Haemonetics's peer group average for short interest as a percentage of float is 6.46%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

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How Is The Market Feeling About Haemonetics?

Sherwin-Williams's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) short percent of float has fallen 8.05% since its last report. The company recently reported that it has 5.04 million shares sold short, which is 2.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.99 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sherwin-Williams Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738349119_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sherwin-Williams has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Sherwin-Williams's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sherwin-Williams's peer group average for short interest as a percentage of float is 3.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Sherwin-Williams?

Qualcomm's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NYSE">QCOM</a>) short percent of float has risen 7.08% since its last report. The company recently reported that it has 24.01 million shares sold short, which is 2.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Qualcomm Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738349113_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Qualcomm has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Qualcomm's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Qualcomm's peer group average for short interest as a percentage of float is 5.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

QCOM

(QCOM) - Analyzing Qualcomm's Short Interest

JP Morgan analyst Sebastiano Petti maintains Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) with a Neutral and lowers the price target from $45 to $39.

CMCSA

JP Morgan Maintains Neutral on Comcast, Lowers Price Target to $39

JP Morgan analyst Tami Zakaria maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Overweight and lowers the price target from $515 to $490.

JP Morgan Maintains Overweight on Caterpillar, Lowers Price Target to $490

<a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100517/000010051725000015/ual-20250131.htm" title="https://www.sec.gov/ix?doc=/Archives/edgar/data/100517/000010051725000015/ual-20250131.htm">https://www.sec.gov/ix?doc=/Archives/edgar/data/100517/000010051725000015/ual-20250131.htm</a>

United Airlines Addresses Rumors of Potential Merger Talks, Denies Involvement in Strategic Transaction

Offerings

Premium Catering Holdings Files For Offering In Self-Underwritten Offering Of Up To 10M Of Ordinary Shares

RBC Capital analyst Nelson Ng reiterates Methanex (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MX#TSX">MX</a>) with a Sector Perform and maintains C$55 price target.

Reiteration

TSX:MX

RBC Capital Reiterates Sector Perform on Methanex, Maintains C$55 Price Target

<a href="https://www.youtube.com/watch?v=OFNahTj3XcE" title="https://www.youtube.com/watch?v=OFNahTj3XcE">https://www.youtube.com/watch?v=OFNahTj3XcE</a>

NVDA

White House Says Don't Have Details On Nvidia Meeting; Meeting Is At 2:30 pm ET

RBC Capital analyst Nelson Ng reiterates Methanex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEOH#NASDAQ">MEOH</a>) with a Sector Perform and maintains $55 price target.

MEOH

RBC Capital Reiterates Sector Perform on Methanex, Maintains $55 Price Target

JP Morgan analyst Brian Ossenbeck maintains Canadian National Railway (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNR#TSX">CNR</a>) with a Overweight and lowers the price target from C$179 to C$174.

TSX:CNR

JP Morgan Maintains Overweight on Canadian National Railway, Lowers Price Target to C$174

RBC Capital analyst Daniel Perlin maintains Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) with a Outperform and raises the price target from $572 to $650.

RBC Capital Maintains Outperform on Mastercard, Raises Price Target to $650

JP Morgan analyst Tien-Tsin Huang maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Overweight and raises the price target from $340 to $375.

JP Morgan Maintains Overweight on Visa, Raises Price Target to $375

Macro Notification

General

White House Says Reuters Report On Tariffs Are False; Feb. 1 Deadline Still Holds; Trump Will Implement 25% Tariffs On Mexico, Canada And 10% On China; No Update On Exemptions; Tariffs Will Be Up For Public Consumption On Saturday

CK Asset Holdings

As Hong Kong markets have sold off hard over the past few months, corporate stock repurchases have surged to an all-time high.

On the Hong Kong Stock Exchange alone in September, companies repurchased HK$12.6 billion ($1.6 billion) of their own shares in 800 separate stock repurchase transactions. Many of these repurchases come on the back of declines of 10% or more for the year.

Stock repurchases can be a bullish proxy for investors since it implies that the company thinks its own shares are too cheap to resist scooping up.

The following is a summary of the top 10 stock repurchasers in Hong Kong during September using data collected from the Hong Kong Stock Exchange (all amounts translated into USD):

<ul>
	<li>HSBC Holdings PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) came in first place, repurchasing $409,217,026 of its shares back from the market. HSBC shares rose 5.6% last month as a result of the big buy-up and are up 25% this year.</li>
	<li>AIA Group Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAGIY#OTC">AAGIY</a>) was second place with $262,323,620 of stock purchases in Hong Kong during September. Despite the big buys, AIA has fallen 5.8% over the last month, and is down a massive 26% year-to-date.</li>
	<li>Tencent Holdings Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) was in third as it bought back $171,823,860&nbsp;cumulative value of shares in individual daily purchases in September while the stock plunged 9.8%, wiping out the year&rsquo;s gains.</li>
	<li>Xiaomi Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) made $98,160,452 of stock repurchases over the month, which helped the stock earn out about half its year-to-date gains. Xiaomi is up about 5% on the year.</li>
	<li>Sinopec Shanghai Petrochemical Limited bought back $61,156,160 of its shares which nevertheless plunged 8% on lower oil prices and friction for Chinese exporter stocks. The shares have fallen 25% year-to-date.</li>
	<li>Simcere Pharma Group Limited fell 1.5% last month despite making $41,502,760 worth of share repurchases, extending its massive 45% losses for the year-to-date period</li>
	<li>CK Asset Holdings Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNGKY#OTC">CNGKY</a>) repurchased $38,376,650 of shares in Hong Kong September. Still, CK Asset&rsquo;s shares extended the year&rsquo;s 16% losses, dropping 5.6% over the last month.</li>
	<li>Mobvista Inc. made $33,522,580 of stock buy-backs, while its shares fell 10% over the month in the broader market sell-off.</li>
	<li>Tianli International Holdings Limited fell 7.2% even as the company&rsquo;s management spent $30,908,046 buying back its shares.</li>
	<li>Hong Kong Technology Venture Co Ltd dropped 10% as it bought back $10,718,693 of shares. The stock is now down 45% this year.</li>
</ul>

In US markets, four Chinese companies made stock repurchases, two of them substantial in size. Infrastructure play KE Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NASDAQ">BEKE</a>) spent $123,047,896 on ADR repurchases as its shares fell more than 13% in September, while Yum China Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)&nbsp;ended the month flat after snapping up $39,499,452 of its shares. Included in the Hong Kong share buy-back data, that puts KE Holdings and Yum China in 4th and 7th place among the island&rsquo;s largest stock repurchasers in September, respectively.

Among smaller share repurchasers on US markets were Zhihu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZH#NYSE">ZH</a>), which spent $2,048,366 on share buy-backs and Tuya Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUYA#NYSE">TUYA</a>), repurchasing $957,361 of its shares.

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Latest news for CK Asset Holdings (OTC:CNGKY) Stock

Wednesday, October 04, 2023

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