Cheung Kong

Few conglomerate players in Asia Pacific match the executional depth of Cheung Kong. From Hong Kong, the group manages a workforce of approximately 18k and generates close to $11B in revenue, while steadily widening the gap with regional peers.

The group's regional balance sheet allows it to invest counter-cyclically, an advantage few competitors can match in the current rate environment.

“Cheung Kong is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Capital markets have started to price in the durability of the model, and rating agencies have followed.