[ET Net News Agency, 26 February 2021] Goldman Sachs lifted its target price for Sun
Hung Kai Properties (SHKP) (00016) to HK$131 from HK$127 and maintained its "buy" rating.
The research house said SHKP's underlying profit of HK$17.5bn is 9% above Goldman's
forecasts, mainly driven by better-than-expected HK rental and development properties
profit from JV/associates.
Goldman also views that the company's strategic decisions to invest in large-scale
landmark mixed-use projects as likely a positive catalyst for NAV in the longer run,
similar to what they have committed in the IFC complex during the Asian Financial Crisis
and the ICC complex following the tech bubble in 2000.
Goldman factored in this set of results and raised its FY2021-23 EPS forecasts by up to
4%. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00016 SHK PPT
Nominal 
73.250 +1.250 (+1.736%) Others
26/02/2021 17:21
{I-bank focus}Goldman lifts SHKP (00016) to HK$131
| Remark: | Real time quote last updated: 26/04/2024 12:22 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |