Sphere No.45 (Sep 2018)

CHEUNG KONG GROUP In 1972, Cheung Kong (Holdings) Limited was listed on the Hong Kong Stock Exchange at HK$3 per share and was 65 times oversubscribed. At the time of the IPO, the Company’s market capitalisation was HK$126 million and a net profit of HK$12.5million was forecast for the first year of operations. The Company actually delivered a profit of HK$43.7million . The Company owned 408,000 sq ft of mainly industrial rental properties and had another 1.54million sq ft in development. At the time, there were approximately 8,000 employees . And so the story begins … Today , the Group operates in 50+ countries around the world, with 320,000 employees , and its public companies have an aggregate market cap of over HK$1.2 trillion . CK GROUP FLAGSHIP COMPANIES HAVE NEVER REPORTED A LOSS If you had invested in Cheung Kong Holdings at IPO and reinvested your dividends, you would hold shares in CK Hutchison Holdings and CK Asset Holdings today worth 5,000x your initial investment! SPHERE #45 2018 18 THE LONG RIVER FLOWS ON >>