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<Research>M Stanley Expects SHK PPT (00016.HK) 1HFY26 Underlying EPS to Grow 13%
Recommend 2 Positive 7 Negative 1 |
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SHK PPT (00016.HK) is set to announce its 1HFY26 results ending December 2025 by the end of February. Morgan Stanley released a report predicting that SHK PPT will see a 13% YoY growth in underlying EPS to HKD3.89 for 1HFY26, with interim DPS expected to remain unchanged at HKD0.95. Due to the accounting of completed inventory with lower costs and recent price hikes in new property sales, the margin for property development projects could reach high-teens. The Sierra Sea Phase 2A & 2B projects executed well, and SHK PPT was anticipated to launch the luxury project CULLINAN HARBOUR PHASE II located in the Kai Tak Runway Area. With the average transaction price per square foot for the first phase exceeding HKD50,000, the initial pricing for the second phase was expected to reach over HKD45,000 per square foot, potentially bringing a substantial margin of over 15%. 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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