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<Research>UBS Elevates SHK PPT (00016.HK) TP to $136, Keeps Neutral Rating
Recommend 8 Positive 7 Negative 7 |
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SHK PPT (00016.HK), as a major developer in Hong Kong, could benefit from a recovery in the property market transactions, UBS released a research report saying. However, the broker believed that the strong factors driving the property market recovery are already priced in. Meanwhile, UBS also believed that the continued recovery in home prices (expected to rise by 10% over the next 2 years) and an increase in trading volume may continue to support the share price and company earnings. Therefore, UBS elevated its target price for SHK PPT by 40% to $136 from $96, and lifted its FY2027-2028 earnings forecasts by 11-12%, with rating kept at Neutral. AASTOCKS Financial News Website: www.aastocks.com |
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