- SHK Properties reported an underlying profit of HK$21.86 billion, missing the estimated HK$22.41 billion.
- Net income was recorded at HK$19.28 billion, below the forecasted figure of HK$21.45 billion.
- Revenue stood at HK$79.72 billion, not meeting the expected HK$82.09 billion target.
- The company earned HK$33.88 billion from property sales, slightly below the estimated HK$34.29 billion.
- Rental revenue was HK$19.86 billion, which did not reach the projected HK$20.18 billion.
- Total borrowings were significantly lower at HK$110.22 billion, compared to an estimate of HK$133.56 billion.
- Net debt at the end of the period was reported as HK$93.30 billion, under the expected HK$107.77 billion.
- The final dividend per share was declared at HK$2.80, narrowly missing the anticipated HK$2.84.
- Analyst recommendations include 12 buys, 3 holds, and 1 sell.
Sun Hung Kai Properties on Smartkarma
Analyst coverage on Sun Hung Kai Properties by Jacob Cheng on Smartkarma suggests a bullish sentiment towards the company. In the research report titled “Seeking Value and Safety in HK/China: SHKP 16 HK,” Cheng highlights the potential for Sun Hung Kai Properties, the largest real estate company in Hong Kong, to catch up in terms of performance. With MSCI China rallying 19% year-to-date and showing strong growth compared to developed and emerging markets, there is optimism in revisiting Hong Kong and China.
Cheng’s analysis also points towards the positive impact of AI optimism and increasing south-bound fund flows to the Hong Kong equity market. Sun Hung Kai Properties is seen as a proxy for Hong Kong and is positioned to benefit from the attractive valuations in the market. Investors looking for value and safety in the Hong Kong and China regions may find Sun Hung Kai Properties an intriguing opportunity for potential growth.
A look at Sun Hung Kai Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Sun Hung Kai Properties is positioned for a positive long-term outlook. With high scores in Value, Resilience, and Momentum, the company appears to have strong fundamentals and potential for growth. A solid Value score suggests that the company is deemed attractive relative to its market value. Additionally, high scores in Resilience and Momentum indicate that Sun Hung Kai Properties is well-positioned to withstand economic challenges and has positive market momentum.
Sun Hung Kai Properties Limited, a company that develops and invests in properties, has received respectable scores across different factors. Although the Dividend and Growth scores are slightly lower, the overall outlook remains positive. With a focus on managing hotels, properties, car parking, and transportation infrastructures, Sun Hung Kai Properties caters to customers primarily in Hong Kong, showcasing a diverse portfolio within the real estate industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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