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<Research>HSBC Research Expects SHK PPT, HENDERSON LAND as Main Beneficiaries of Potential HK Residential Profit Margin Recovery
Recommend 5 Positive 8 Negative 6 |
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Despite a slight decline in 2H25 earnings, more Hong Kong real estate stocks have decided to raise their guidance, HSBC Global Research said in its report. Blue-chip stocks, including SHK PPT (00016.HK) and CK ASSET (01113.HK), have resumed dividend growth, which helps bolster investor confidence in the industry's outlook. Within the sub-sectors, HSBC Global Research believes that the residential market is showing positive improvement momentum. Supported by increased sales volume and rising average prices, the broker expects profit margins in the residential business to rebound. In HSBC Global Research's estimation, SHK PPT and HENDERSON LAND (00012.HK) will be the main beneficiaries of the residential market recovery cycle, with target prices set at HKD150.6 and HKD35.8, respectively. HYSAN DEV (00014.HK) also presents investment opportunities, as its mall portfolio is expected to benefit from consumption growth driven by the wealth effect and increased visitor numbers, with a target price of HKD23. SWIREPROPERTIES (01972.HK) is transforming into an integrated landlord, which is favorable for its valuation re-rating, with a target price of HKD30.2. All these stocks have been rated as Buy. AAStocks Financial News |
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