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<Research>M Stanley: SHK PPT (00016.HK) Interim DPS Beats but 2.8% Implied Div. Yield Not Compelling
Recommend 5 Positive 5 Negative 2 |
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Morgan Stanley released a report on SHK PPT (00016.HK), which increased its DPS by 3% YoY for 1HFY26, which was better than expected. However, the implied dividend yield of 2.8% is not compelling. The group recorded contract sales of approximately HKD17.4 billion in Hong Kong for 1HFY26, with an additional HKD9 billion sold year-to-date. The full-year sales are expected to beat the annual guidance of HKD30 billion. Besides, the outlook for Hong Kong's office and retail sectors remains positive. The broker assigned an Overweight rating to SHK PPT with a target price of HKD120. AASTOCKS Financial News Website: www.aastocks.com |
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