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<Research>HSBC Research Adds SHK PPT (00016.HK) TP to $95.3, Sees Better Earnings/ Div. Visibility for FY2025
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After a 9% YoY decline in underlying profit for the full year (FY2024) ended June , SHK PPT (00016.HK) is expected to see a 19% YoY rebound in FY2025 underlying profit, and can be one of the few Hong Kong property developers that can record growth in FY2025 underlying profit despite a challenging market, HSBC Global Research issued a research report saying.

HSBC Global Research expected better earnings and dividend visibility for the current financial year.

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HSBC Global Research kept rating at Buy on SHK PPT, and added its target price from $95 to $95.3, based on a 50% discount to its new net asset value per share forecast.
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