The Zhitong Finance App learned that Morgan Stanley released a research report saying that the 2026 fiscal year of Sino Real Estate (00083) may be affected by changes in the project accounting portfolio and reduction in interest income. Therefore, the Group's profit for the period is expected to drop 8% year-on-year to HK$4.7 billion, and it is expected that the company may suspend the share-based interest arrangement. The bank continued to give the credit “in sync with the market” rating and maintained the target price of HK$12.

Damo pointed out that although the credit dividend ratio is expected to exceed 100%, the initial dividend for the year may remain at HK$0.58, with a corresponding dividend rate of 5.4%, which is the second highest among local real estate stocks, and is believed to be attractive. The bank also expects the Group's gross margin of property sales to bottom out this year, and is expected to pick up in the 2027 fiscal year as average prices rise and land costs fall.

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