80016 SHK PPT-R
- 70.000
- +0.100+0.14%
SHK PPT-R News
Does Sun Hung Kai Properties (HKG:16) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems
Ricard Court: Hong Kong property prices rose for two consecutive months, and the increase narrowed markedly in April
The Zhitong Finance App learned that Chen Haichao, head of the research department of Li JiaGe Real Estate, said that Hong Kong property prices rose for two months, reflecting the effect of removing spiciness. However, the increase narrowed significantly in April, dragged down by new listings being sold at low prices, making it difficult for second-hand owners to continue to harden their prices. Some anxious landlords may need to cut prices accordingly, putting pressure on second-hand property prices;
Goldman Sachs: Average real estate developer stock target price lowered by 16%, Henderson Land downgraded to sales rating
Goldman Sachs released a research report saying that it is expected that Hong Kong real estate developers' profit margins will shrink to less than 30% and continue to drag down return on assets. The bank upgraded the rating of Sun Hung Kai Properties (00016) from “neutral” to “buy”, with a new target price of HK$92, while the rating of Henderson Land (00012) was downgraded from “neutral” to “sell”. The new target price was HK$21.4. According to the report, although the affordability of citizens improved after the fall in residential property prices, the degree of improvement is in line with the pace of increase in actual residential mortgage interest rates, so the value has not yet been shown. The bank said that due to investment in properties and related contributions, it accounts for developers
Goldman Sachs: Average real estate developer stock target price lowered by 16%, Henderson Land (00012) downgraded to “sell and sell” rating
Goldman Sachs expects Hong Kong real estate developers' profit margins to shrink to less than 30%.
Big Bank Rating | Goldman Sachs: Upgrading SHKP's Rating to “Buy” and Downgrading Henderson's Rating to “Selling”
Goldman Sachs published a report stating that the revenue and EBITDA of Hong Kong real estate developers have been reduced by nearly half compared to the 2019 peak period, dragging down the assets and return on investment of local real estate companies. The bank expects the gross margin of developed properties of local real estate companies to fall below 30% and continue to affect the return on development property assets. The bank also said that even though affordability improved after residential property prices fell, the improvement was only in line with the actual rate of increase in residential mortgages, and property values were still not reflected. The bank also indicated that with investment properties and similar investment properties contributing 70% of profits, it is believed that the stock price of real estate development stocks is more related to book value per share (BVPS), mostly
Market Chatter: Sun Hung Kai Properties Lends HK$23 Billion Through Credit Facility
Sun Hung Kai Properties (HKG:0016) borrowed HK$23 billion through a credit facility with 23 banks, among them BOC Hong Kong (Holdings) (HKG:2388), The Standard reported Wednesday. The lending facility
China Property Stocks Rally as More Cities Unveil Rescue Steps
By Jiahui Huang Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-es
China May Need Large-Scale Funding to Lower Housing Inventories
China may need to spend at least CNY3-4 trillion in order to "meaningfully lower" the country's primary housing inventory to a healthy level, Morgan Stanley analysts write in a note. The market is for
Jefferies: Swire Properties' first-quarter operating index fell short of market expectations, and the industry preferred Sun Hung Kai Properties
Jefferies released a research report saying that in Hong Kong real estate, they are still optimistic about good manufacturers rather than owners. The bank believes that the market may undervalue the housing market due to strong sales during the recent accelerated launch of real estate projects. Sun Hung Kai Properties (00016) continues to be the bank's preferred stock with its rich project reserves, high-quality products and resilient profit margins. The report points out that recent reports have consolidated the bank's view on the property market, that is, it favors housing, retail over office buildings, and that it favors more manufacturers than owners. The bank said that the operating index of Swire Properties (01972) for the first quarter of 2024 was lower than market expectations, reflecting the public
Big Bank Ratings｜Citibank: Still Underwhelming the Hong Kong Real Estate Industry's Second-Quarter Preferred Stocks: Wharf Land, Swire Properties and SHKP
According to a report published by Citibank, it still downplays the Hong Kong real estate industry due to de-globalization; the performance of the four pillar industries slowed down before new drivers appeared; real interest rates were high due to economic weakness and deflation; after the Federal Reserve cut interest rates, Hong Kong's mortgage interest rate may not follow the initial reduction; the retail industry was affected by the downturn in tourist consumption, and the average consumption per tourist fell; office buildings faced upward pressure on supply, but demand declined after layoffs; the relaxation of housing measures triggered short-term sales impulses, and more new listings were promoted at reasonable prices. Overall, Citi expects real estate stocks with high free cash flow visibility and stable dividend prospects to outperform the market
The Hong Kong Buildings Department approved 14 building plans and issued 15 entry sheets in February
The Hong Kong Buildings Department approved a total of 14 building plans in February, including 5 for Hong Kong Island, 4 for Kowloon and 5 for the New Territories; these include 9 residential and commercial developments, 2 commercial developments, and 3 community service developments.
CBRE: Progressive residential rating system has a big impact on developers with more luxury properties
The Hong Kong government mentioned earlier that it will introduce a progressive rating system for residential properties. Lin Ling, executive director of CBRE Hong Kong Valuation and Advisory Services, believes that this measure will have an impact on medium to luxury properties, and is expected to have a big impact on developers with more luxury properties.
Is There An Opportunity With Sun Hung Kai Properties Limited's (HKG:16) 36% Undervaluation?
Key Insights The projected fair value for Sun Hung Kai Properties is HK$109 based on 2 Stage Free Cash Flow to Equity Sun Hung Kai Properties' HK$70.00 share price signals that it might be 36% under
Tse Sui-lin (00417)'s subsidiary and Sun Hung Kai Properties (sales and leasing) agent renew the lease contract for a property in the New Territories
According to the Zhitong Finance App, Xie Ruilin (00417) announced that on March 11, 2024, Tse Sui-lin Jewellery (Hong Kong) Limited (a subsidiary of the company), as the tenant and owner, has renewed the Hong Kong lease contract for the property Sun Hung Kai Properties (Sales and Leasing) Agency Limited for a period of three years from April 1, 2024 to March 31, 2027 (including the first and last two days).
Australia, China, India May Cut Rates Even If Fed Doesn't
The central banks of Australia, China, India, Korea and Thailand may decouple from the Fed and cut rates even if the U.S. central bank stands pat this year, Nomura analysts say in a note. The APAC cen
China's Economy Expected To Surge 5.3% This Year, Fueled By Property Sector Stabilization And Regional Growth: AMRO
The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates China's economy to expand by 5.3% this year, bolstered by the stabilizing property sector and improving external demand.What Happened: AMRO
China's Service Economy Expands Further, Adding to Signs of Recovery
A private gauge of China's services activities notched a 15th straight month of growth, adding to signs of green shoots in the world's second-largest economy as government stimulus measures kick in.
Sun Hung Kai Properties (HKG:16) Shareholders Have Endured a 31% Loss From Investing in the Stock Five Years Ago
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. So we wouldn't blame long term Sun Hun
Sun Hung Kai Properties' Flagship Project and Mak's Beer Launch Premium "Blesiure" Lifestyle Experience by Victoria Harbour
HONG KONG, March 27, 2024 /PRNewswire/ -- TOWNPLACE WEST KOWLOON, the mega flagship offering by Sun Hung Kai Properties (SHKP) (0016) under its premium residential leasing brand of TOWNPLACE, announce
Hong Kong Homebuyers Flock to New Projects, Shunning Used Flats
Hong Kong homebuyers are snapping up new properties after the government cut taxes last month.
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