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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. 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. AAStocks Financial News |
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