Find out why Cheung Kong has the strongest balance sheets among Hong Kong property firms

Thanks to really low net-debt-to-equity ratio.

According to Barclays, Cheung Kong has one of the strongest balance sheets among the Hong Kong property companies.

Its 5% net-debt-to-equity ratio is the third-lowest in the sector after Sino Land and Hang Lung Properties (0.3%).

Here's more from Barclays:

Notably, Cheung Kong is one of only two Hong Kong property companies to hav reduced its absolute net debt position over the past five years.

As of June 2013, Cheung Kong's HKD20.8b net debt is 41% lower than the HKD35.2bn net debt as of June 2008.

We believe its strong balance sheet ought to provide it with flexibility to hunt for bargains once property prices start to correct.