- SHK Properties reported an underlying profit of HK$10.46 billion for the first half of the year.
- The company’s net income was HK$7.52 billion.
- SHK Properties ended the period with a net debt of HK$107.83 billion.
- Total borrowings for the period amounted to HK$122.26 billion.
- Total revenue reported by SHK Properties was HK$39.93 billion.
- The company generated rental revenue of HK$9.99 billion during the period.
- An interim dividend of 95 HK cents per share was announced.
- Market analyst recommendations for SHK Properties included 13 buys, 2 holds, and 1 sell.
“`
Sun Hung Kai Properties on Smartkarma
Analyst Jacob Cheng from Smartkarma recently published a bullish research report on Sun Hung Kai Properties titled “SHKP 16 HK: A Very Safe Play to Bet on Hong Kong Future.” Cheng’s analysis highlights the favorable macro backdrop, citing China easing and US interest rate cuts as supportive factors for a potential Hong Kong re-rating. Sun Hung Kai Properties, as the largest real estate company in Hong Kong with diversified businesses in both Hong Kong and China, is seen as a strong play for the future of Hong Kong. Cheng emphasizes SHKP’s status as a Hong Kong proxy due to its business origination and views investing in SHKP as a value play with limited downside risk and attractive valuation.
A look at Sun Hung Kai Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
Analysts view Sun Hung Kai Properties positively based on its Smart Scores, with solid scores across various factors. The company’s high Value score signifies that it is trading at an attractive valuation relative to its fundamentals. Additionally, its strong Momentum indicates positive price trends that could continue in the long term.
Sun Hung Kai Properties also demonstrates resilience and steady growth potential, as indicated by its scores in those categories. While the Dividend score is slightly lower, the company’s overall outlook remains promising for long-term investors seeking exposure to the property development sector in Hong Kong.
Summary: Sun Hung Kai Properties Limited develops and invests in properties, operating hotels, properties, car parking, and transportation infrastructures primarily in Hong Kong.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
