Sun Hung Kai Properties 0016

Re: Sun Hung Kai Properties 0016

Postby winston » Fri Jul 22, 2016 2:03 pm

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<Research Report>G Sachs Lifts TP of SHK PPT to $125.6, Lifts EPS Forecast

Goldman Sachs, in its report, slightly lifted the target price of SHK PPT (00016.HK) from $124 to $125.6, equivalent to 25% discount of 2017 NAV per share, with rating Buy.

The broker also lifted the 2016/17/18 EPS forecast to 3.3%/4.5%/3.2% to $7.81/$7.72/$7.81, as the broker recently lifted the forecast for SHK's SMARTONE TELE (00315.HK).

Source: AAStocks Financial News
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Re: Sun Hung Kai Properties 0016

Postby winston » Fri Aug 05, 2016 1:11 pm

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<Research Report>Macquarie Lifts SHK PPT Target to $132; Growing Premium Leader of Industry

Macquarie, in its report, said among all developers, SHK PPT (00016.HK) remained the top pick of the broker, expecting FY15-17 earnings CAGR of 15%, highest in the sector;

Expecting market share expansion in terms of Hong Kong sales; and resilient rental income growth.

SHKP is well-established to maintain its leadership position in the current increasingly challenging Hong Kong property market, with SHKP's earlier-than-expected launches in HK.

Thus the broker lifted the earnings forecast by 1.1% and 1.7% for 2016 and 2017, and lifted the target price by 0.6% from $131.24 to $132, with rating Outperform and the remark of "growing premium leader".

The broker estimated the company will declare a DPS of $3.68 in FY16, up nearly 10% yearly, or a 3.3% yield. It is equivalent to a 44% payout ratio compared with 40-48% in FY11-15.

The broker believed the share price will react positively to a higher-than-expected DPS.

The stock currently trades at 12.3x FY17 P/E (estimate), 0.7x P/B and a 36% NAV discount.

Source: AAStocks Financial News
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Re: Sun Hung Kai Properties 0016

Postby winston » Fri Sep 09, 2016 8:24 am

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SHK PPT: Expects Record Sales $40.7B for FY2016; Hopes FY2017 to Sustain Similar Level

Lui Ting, Victor, Deputy Managing Director of SHK PPT (00016.HK) 0.000 (0.000%) Short selling $127.07M; Ratio 15.183% , said the group had practically lowered the annual sales target due to a relatively fluctuated economy early this year.

However, with stabilizing property market, respectable economy as well as low mortgage rate etc., Liu believed the group will break record and have $40.7 billion sales for FY2016.

He also hoped sales to be maintained at similar level for FY2017.

Source: AAStocks Financial News
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Re: Sun Hung Kai Properties 0016

Postby winston » Fri Sep 09, 2016 8:24 am

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SHK PPT: Expects Record Sales $40.7B for FY2016; Hopes FY2017 to Sustain Similar Level

Lui Ting, Victor, Deputy Managing Director of SHK PPT (00016.HK) 0.000 (0.000%) Short selling $127.07M; Ratio 15.183% , said the group had practically lowered the annual sales target due to a relatively fluctuated economy early this year.

However, with stabilizing property market, respectable economy as well as low mortgage rate etc., Liu believed the group will break record and have $40.7 billion sales for FY2016.

He also hoped sales to be maintained at similar level for FY2017.

Source: AAStocks Financial News
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Re: Sun Hung Kai Properties 0016

Postby winston » Fri Sep 09, 2016 12:06 pm

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<Research Report>G Sachs: SHK PPT (00016.HK) Results Top Estimates; Target Lifted to $136.8

Goldman Sachs, in its report, said the full-year result of SHK PPT (00016.HK) topped estimates.

For the year as of the end of June, the underlying profit rose 21.9% yearly; full-year dividend of $3.85 was declared, up 14.9% yearly; contracted sales achieved from Hong Kong was about $32 billion for the year, exceeding the adjusted target of $27 billion.

The broker expected the growth momentum of the company to sustain, and forecasted the contracted sales in 2017 to be similar to that of 2016.

The broker lifted the EPS forecast for 2017-19 by 3-4% to reflect the operating run rates and the latest development sales assumptions, with the target price lifted from $131.1 to $136.8.

As of the market close on 8 September, the stock traded at 34% discount to FY17 NAV estimates, and the broker maintained the rating Buy.

Source: AAStocks Financial News
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Re: Sun Hung Kai Properties 0016

Postby winston » Thu Jan 12, 2017 12:34 pm

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Why Buy Sun Hung Kai Properties Now?

By Shuli Ren

Hong Kong blue-chip developer Sun Hung Kai Properties (16.Hong Kong) has [b]risen 22% in the last year[/b] despite a difficult property market and the threat of rising U.S. interest rates.

Yet Credit Suisse today upgraded Sun Hung Kai Properties from Neutral to Buy. The bank has a price target of 120.80 Hong Kong dollars, promising another 13% upside.

So what made Credit Suisse change its mind?

A strong execution in a difficult market says something about Sun Hung Kai’s management. In addition, handsome rental income can sustain the developer’s 3.6% dividend yield. Analyst Susanna Leung wrote:

Its FY16 rental income amounted to HK$21 bn, which is even larger than Wharf’s HK$15 bn during the same period. The rental profit is sufficient to cover its dividend distribution which amounted to circa HK$11 bn in FY16.

Its strong execution in a tough market was also proven, especially with the new launches last year. SHKP has contracted HK$22 bn in HK during 1HFY17, representing 67% of FY17 target.

Retail rental is seen among analysts to be the safest segment of Hong Kong’s property sector. See my January 3 blog “Why Citi Is Bullish On This Hong Kong Landlord“.

Sun Hung Kai rose 1% today.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... rties-now/
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Re: Sun Hung Kai Properties 0016

Postby winston » Sun Jun 24, 2018 8:46 pm

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Sun Hung Kai Properties executive director Adam Kwok Kai-fai, the 34-year old nephew of chairman Raymond Kwok Ping-luen, bought 781,000 shares in the company from June 14 to 19 at an average of HK$123.94 apiece.

The trades increased his holdings to 641.641 million shares or 22.15 per cent of the issued capital.

The stock closed at HK$121.90 on Friday.

Source: SCMP
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Re: Sun Hung Kai Properties 0016

Postby winston » Fri Sep 13, 2019 10:16 am

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Raymond Kwok: Occupancy of Some SHK PPT Hotels Sags Nearly 50%; Mall Rent Cuts Need Further Watch

SHK PPT (00016.HK)'s chairman and general manager Raymond Kwok, disclosed at the press conference that the hotel occupancy rate of the group has dropped 30-40% in the recent month, while some even reported fall of nearly 50%, in face of unprecedented headwinds and plunging tourists in Hong Kong.

As to whether tenants of the group request rental cuts, Kwok replied supermarkets inside the shopping malls of its group fared better with higher retail sales increment in 1H19.

Yet owing to decline in July-August, the group needs more time to make evaluation.

Source: AAStocks Financial News
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Re: Sun Hung Kai Properties 0016

Postby winston » Fri Sep 13, 2019 10:18 am

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<Blue Chip Results>SHK PPT 2018/19 Underlying Profit Climbs 6.6% to $32.4B; Final Div $3.7

SHK PPT (00016.HK) announced that the net profit for the year ended 30 June 2019 dropped 10.09% yearly to HK$44.912 billion, with an EPS of HK$15.5.

Final DPS was HK$3.7, with the cumulative annual DPS at HK$4.95.

Underlying profit ballooned 6.58% to HK$32.398 billion, with an underlying EPS of HK$11.18.

Revenue declined 0.4% annually to HK$85.302 billion during the period.

Source: AAStocks Financial News
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Re: Sun Hung Kai Properties 0016

Postby winston » Mon Sep 16, 2019 10:33 am

Resilient performance

FY19 underlying profit rose 6.6% to HK$32.4bn, in line with our forecast

Steady project launch pipeline to drive development income

Beefing up rental property portfolio in Hong Kong and China

Buy with HK$ 135.6 TP

The stock is now trading at 53% discount to our appraised current NAV with dividend yield of 4.3% for FY20.

From a historical viewpoint, its valuation is undemanding.

This should help cushion further downside risk.

BUY with TP of HK$135.6, premised on 45% discount to our Jun-20 NAV estimate.


Source: DBS

https://researchwise.dbsvresearch.com/R ... ibdfkfhgbh
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