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Sun Hung Kai Properties' Earnings Should Recover as Lower-Rate Environment Nears -- Market Talk
SUN HUNG KAI PROP To Go Ex-Dividend On November 12th, 2024 With 0.35908 USD Dividend Per Share
[Hong Kong stock connect] SHK PPT (00016) rose 2% against the market trend. Morgan Stanley expects its earnings per share and dividends for the 25-26 fiscal year to resume growth.
Golden Finance News | New World Development (00016) stock price rose against the market in early trading, up 2% to HKD 76.65 as of the time of writing. HSBC Global Research report pointed out that New World is expected to maintain stable contract sales forecast in the 2025 fiscal year, with a minimum target of HKD 25 billion (compared to HKD 25.6 billion in the 2024 fiscal year). The bank believes that the company's target is achievable because it is willing to launch price-competitive residences in Hong Kong. It is expected that its basic EPS in the 2025 fiscal year can increase by 19% per year, which is a minority in Hong Kong's challenging market to achieve growth in the basic EPS in the 2025 fiscal year.
Earnings Miss: Sun Hung Kai Properties Limited Missed EPS By 17% And Analysts Are Revising Their Forecasts
HSBC: Maintains a 'neutral' rating on SHK PPT, with a target price raised to HK$70.
JPMorgan released a research report stating that it has raised the target price of SHK PPT (00016) by 3%, from HKD 68 to HKD 70, while maintaining a 'neutral' rating. The JPMorgan report points out that the company's full-year core net profit and dividends fell as expected as of the end of June this year, but it is expected to recover and grow in earnings and dividends per share for the fiscal years 2025 and 2026. The main points of JPMorgan's report are as follows: The dividend yield is relatively unattractive. However, the report notes that SHK PPT's stock price has fallen by about 11% since the beginning of the year, and the projected dividend yield for 2025 is 5.4%, which is still relatively unattractive compared to its peers. Unless Hong Kong property prices rebound significantly, otherwise...
DBS Remains a Buy on Sun Hung Kai Properties (SUHJF)
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