- Underlying profit of SHK Properties for the fiscal year was HK$21.74 billion, short of the estimated HK$22.76 billion.
- Total revenue came in at HK$71.51 billion, below the forecast of HK$76.43 billion.
- Rental revenue was HK$20.37 billion, slightly under the expected HK$20.95 billion.
- Hotel operations revenue exceeded expectations, reaching HK$4.42 billion against an estimate of HK$4.06 billion.
- Telecom revenue was lower than expected, totaling HK$6.22 billion compared to the estimate of HK$6.98 billion.
- Net income was HK$19.05 billion, missing the anticipated HK$22.65 billion mark.
- The final dividend per share was HK$2.80, marginally below the estimate of HK$2.92.
- Analyst recommendations: 12 buys, 4 holds, and 1 sell.
Sun Hung Kai Properties on Smartkarma
On Smartkarma, Jacob Cheng provides coverage on Sun Hung Kai Properties with a bullish sentiment. In his report titled “HK RE Series (2): Market Is Still Bearish but Bottom Is Near, Few Things Needed for Re-Rating,” Cheng discusses the current market outlook and factors influencing the company’s valuation. He highlights the importance of catalysts such as physical market recovery and fund flows for driving a potential re-rating. Cheng notes the bearish sentiment in the HK/China markets but points to positive developments, including the HK government’s measures to support the property market, easing mortgage policies, and the potential nearness of the market bottom. He emphasizes the significance of interest rates and fund flows for further re-rating.
A look at Sun Hung Kai Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided an optimistic outlook for Sun Hung Kai Properties, with solid scores across various factors. With high scores in Value and Dividend, the company is seen as financially sound and likely to provide good returns to investors. These scores reflect positively on Sun Hung Kai Properties‘ ability to generate value and pay out dividends consistently, making it an attractive investment option for those seeking stable returns.
While the Growth, Resilience, and Momentum scores are slightly lower, they still signal a promising future for the company. With a strong foundation in property development and investments, as well as diversified operations in hotels, car parking, and transportation infrastructures, Sun Hung Kai Properties is well-positioned to weather potential challenges and capitalize on growth opportunities in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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