DBS issued a research report stating that CK ASSET's projects "Floral Sea" Phase 1 and Phase 2 in the Kai Tak area have received pre-sale consents and are set to be the group's key sales focus this year. The bank views the group's balance sheet as robust and has increased its target price from HK$45.2 to HK$51.6, maintaining a "Buy" rating.

Since the fourth quarter of last year, Hong Kong's residential property market has bottomed out, with demand improving across various property types, which is expected to benefit future sales of "Floral Sea." The bank believes that the planned launches of this project, along with two others in Yuen Long and Kam Tin, are likely to receive strong market response, providing upside potential for the share price.

Regarding other business segments, the U.K. pub operations continue to face cost inflation pressures, and challenging macroeconomic conditions are limiting consumer spending, constraining pricing flexibility. In contrast, earnings from infrastructure and utility asset operations remain stable. The group agreed last year to sell its U.K. rail asset interests, with significant disposal gains anticipated in the 2026 fiscal year.