Jinwu Finance News | shk ppt (00016) stock price rose against the market in early trading, as of the time of publication, up 2%, at HK $76.65.
HSBC Global Research report pointed out that shk ppt is expected to maintain stable contracted sales in the 2025 fiscal year, with a minimum target of 25 billion Hong Kong dollars (compared to 25.6 billion Hong Kong dollars in the 2024 fiscal year). The bank believes that the company's target is achievable because it is willing to launch competitively priced residences in Hong Kong. It is expected that the company's basic earnings per share for the 2025 fiscal year can increase by 19% annually. The bank believes that shk ppt is one of the few real estate developers in Hong Kong that can achieve growth in basic earnings per share in a challenging market. It is expected that the company's profit and dividend visibility for this fiscal year will improve. Maintain a "buy" rating for shk ppt, and slightly raise the target price from HK $95 to HK $95.3. The target price is based on the bank's forecast of its new net asset value per share discounted by 50%.
JPMorgan issued a research report stating that the target price of shk ppt has been raised by 3%, from HK $68 to HK $70, and maintains a "neutral" rating. It points out that the announcement shows that the annual core profit and dividend fell as expected by the bank as of the end of June this year, but it is expected that earnings and dividends per share for the fiscal years 2025 and 2026 will recover and grow.
