S&P Affirms Sun Hung Kai Properties Insurance at A-

MT NewswiresFeb 28 05:32 ET

Knight Frank: It is expected that Hong Kong property prices will bottom out in the first half of this year, with an annual increase of 0-5%.

According to Wang Zhaoqi, Senior Director and Head of Research and Consulting for Greater China at Knight Frank, it is expected that Hong Kong property prices will bottom out in the first half of 2025. In the short term, prices will hover around the bottom, but as interest rates and inventory gradually decline, it is predicted that Hong Kong property prices will start to rise significantly in the second half of 2025, increasing by 0-5% for the whole year.

Zhitong FinanceFeb 28 02:09 ET

Citi: Maintains SHK PPT's "Buy" rating and raises the Target Price to HKD 88.8.

Citi released a research report stating that it maintains a "Buy" rating for SHK PPT (00016), with the Target Price slightly increased from HKD 88.5 to HKD 88.8. The bank predicts an annual dividend per share of HKD 3.8, representing a dividend yield of 5.1%. Although the interim dividend remains flat, the bank believes that SHK is a representative of the Hong Kong residential market and benefits from a stable interest rate outlook. Citi indicated that SHK PPT maintains a cautiously optimistic attitude towards its prospects. Cash flow is expected to achieve a balance between 40% to 50% of dividend payments, new investments, and goals for reducing the debt ratio, and it aims to achieve this by controlling capital expenditures. The company has consistently demonstrated asset turnover capability.

Sina Hong Kong StocksFeb 28 02:05 ET

Hong Kong Property Stocks collectively declined, SHK PPT (00016) fell by 3.4%. In January, Hong Kong's property prices dropped by 0.45% month-on-month, marking two consecutive months of decline.

Jinwu Finance | Hong Kong Property Stocks all fell, with SHK PPT (00016) dropping 3.4%, HANG LUNG GROUP (00010) down 3.05%, HANG LUNG PPT (00101) down 2.51%, WHARF REIC (01997) down 1.93%, and NEW WORLD DEV (00017) down 1.67%. The latest data released today by the Hong Kong Rating and Valuation Department shows that the private Residence price Index for January 2025 is at 287.6 points, a decrease of 0.45% compared to December's 288.9 points, marking two consecutive months of decline, with a total drop of 1.3%, reaching the lowest point since September 2016.

King Wu Financial NewsFeb 28 00:27 ET

Major bank rating | Citigroup: Slightly raised SHK PPT Target Price to HKD 88.8, maintaining a "Buy" rating.

Citi published a report indicating that SHK PPT has a cautiously optimistic attitude towards its prospects, expecting to balance cash flow between dividend payments of 40 to 50%, new investments, and the goal of reducing debt ratio, and achieving this through controlling capital expenditures. The company consistently demonstrates strong asset turnover, which is critical as it plans to launch a large number of new projects (approximately 4,000 units estimated within 10 months) and hold completed but unsold inventory (approximately 3,500 units estimated). The bank believes that SHK is representative of the Hong Kong Residence market and benefits from a stable interest rate outlook, maintaining a "Buy" rating, with a Target Price raised to 88.

Gelonghui FinanceFeb 27 21:26 ET

SUN HUNG KAI PROP To Go Ex-Dividend On March 13th, 2025 With 0.12221 USD Dividend Per Share

Moomoo NewsFeb 27 19:35 ET