-+ 0.00%
-+ 0.00%
-+ 0.00%
According to a research report published by Citigroup, Sun Hung Kai Properties' performance for the 2026 fiscal year was steady, profits were in line with expectations, and the dividend per share was 1% higher than the bank's forecast. The bank has a positive view of the company. It currently predicts that the dividends per share will reach HK$4.2, HK$4.45 and HK$4.8 respectively for the 2027-2029 fiscal year. The target sales of Hong Kong development properties for the 2027 fiscal year will reach HK$33 billion. Considering that 90% of the completed projects in FY2027 have been pre-sold, the bank believes that SHKP is more flexible when selling surplus goods, and that the pricing can maintain the “buy” rating of SHKP by putting profit margin first. The target price was slightly raised from HK$168 to HK$168.3, corresponding to a 20% discount on the net asset value per share.
Share
Listen to the news
According to a research report published by Citigroup, Sun Hung Kai Properties' performance for the 2026 fiscal year was steady, profits were in line with expectations, and the dividend per share was 1% higher than the bank's forecast. The bank has a positive view of the company. It currently predicts that the dividends per share will reach HK$4.2, HK$4.45 and HK$4.8 respectively for the 2027-2029 fiscal year. The target sales of Hong Kong development properties for the 2027 fiscal year will reach HK$33 billion. Considering that 90% of the completed projects in FY2027 have been pre-sold, the bank believes that SHKP is more flexible when selling surplus goods, and that the pricing can maintain the “buy” rating of SHKP by putting profit margin first. The target price was slightly raised from HK$168 to HK$168.3, corresponding to a 20% discount on the net asset value per share.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending