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SHKP To Launch Various Major Projects within 2024, Adopts Highly Selective Strategy in Land Bank Replenishment
SHK PPT (00016.HK) announced its interim results for the period ended December 2023. In the face of the challenging macro environment, the Group placed great emphasis on cash flow ...
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SHKP To Launch Various Major Projects within 2024, Adopts Highly Selective Strategy in Land Bank Replenishment
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SHK PPT (00016.HK)  +1.950 (+2.870%)    Short selling $97.49M; Ratio 31.476%   announced its interim results for the period ended December 2023.

In the face of the challenging macro environment, the Group placed great emphasis on cash flow management and prudent financial principles, including maintaining a tight control on capital expenditure and being highly selective in land bank replenishment, according to the Company.

Related NewsG Sachs Trims TPs for HK Landlords, But Adds TPs for CKA & SWIRE PACIFIC A
These measures, coupled with the Group's robust and sizeable recurring income generated from a quality property investment portfolio and non-property businesses, is believed to help put the company in good stead to withstand adverse economic conditions.

During the period, the Company launched YOHO WEST Phase 1 in Tin Shui Wai, NOVO LAND Phase 2A in Tuen Mun and University Hill near The Chinese University of Hong Kong for sale. The units were very well received.

As always, the Group will launch new projects for sale when they are ready. Over the next 10 months, major Hong Kong projects on offer will include The YOHO Hub II in Yuen Long, the third phase of NOVO LAND in Tuen Mun, the second phase of YOHO WEST, the first phases of Cullinan Sky and Cullinan Harbour in Kai Tak, and the first phase of a large-scale project in Sai Sha near Ma On Shan.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-26 16:25.)

Related NewsBofAS Upgrades SHK PPT (00016.HK) to Buy, Trims TP to $84

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