[ET Net News Agency, 3 January 2020] Citi Research tweaked its target price for SHK
Properties (SHKP)(00016) to HK$166 from HK$167.6 and maintained its "buy" rating.
The research house believes SHKP is best positioned to benefit from its huge residential
landbank in HK of 20.8m sq ft, which has been built over the past several years at a very
low cost.
On the rental front, helped by its very diversified portfolio, Citi expects SHKP to
deliver a 3% CAGR in rental income for the next three years, which should result in a
steady increase in DPS to shareholders. (KL)