|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.60 - 16.75|
|52 Week Range||12.69 - 18.21|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||7.63|
|Forward Dividend & Yield||0.32 (2.00%)|
|1y Target Est||18.60|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Sun Hung Kai Properties (Capital Market) Ltd. Hong Kong, May 22, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sun Hung Kai Properties (Capital Market) Ltd. and other ratings that are associated with the same analytical unit.
April 29 (Reuters) - Memories Group Ltd: * ENTERED INTO A SHARES PURCHASE AGREEMENT WITH OAKFAME INVESTMENT LTD AND ITS HOLDING COMPANY, SUN HUNG KAI & CO. * MEMORIES GROUP - CONSIDERATION PAYABLE BY CO ...
March 20 (Reuters) - Sun Hung Kai & Co Ltd: * FY PROFIT ATTRIBUTABLE HK$1,183.8 MILLION VERSUS HK$1,824.3 MILLION * DECLARED SECOND INTERIM DIVIDEND OF HK14 CENTS PER SHARE * FY TOTAL INCOME HK$4,584.6 ...
Moody's Investors Service has affirmed the A2 issuer rating of IFC Development Limited (IFC). Moody's has also affirmed the A2 rating of IFC Development (Corporate Treasury) Limited's senior unsecured bonds, which are guaranteed by IFC. "IFC's A2 issuer rating recognizes its well-established track record in managing a quality mixed-use commercial complex in Hong Kong, which has demonstrated strong recurring cash flow and profitability across the economic cycles," says Stephanie Lau, a Moody's Vice President and Senior Analyst.
March 6 (Reuters) - Sun Hung Kai & Co Ltd: * EXPECTED THAT PROFIT ATTRIBUTABLE FOR YEAR WILL SHOW A DECREASE * ATTRIBUTABLE PROFIT FOR SECOND HALF OF 2018 WILL ALSO SHOW A DECREASE FROM FIRST HALF OF 2018 ...
Hong Kong's Sun Hung Kai Properties reported a 31 percent fall in half-year underlying profit, dragged down by a change in accounting standard, and said it expects the property market to be stable in 2019. It told an earnings conference on Wednesday an easing of tensions between Beijing and Washington, softening interest rates and favourable mortgage plans offered by banks would help to support the housing market. Company deputy managing director Victor Lui said many investors would turn to real estate rental yield amid volatility in other financial instruments, though he expected the overall transaction volume would drop this year.
HONG KONG, Feb 27 (Reuters) - Hong Kong's Sun Hung Kai Properties reported a 31 percent fall in half-year underlying profit on Wednesday, dragged down by a change in accounting standard which leads to ...
Moody's Investors Service has assigned an A1 rating to the proposed USD senior unsecured notes due 2029 to be issued by Sun Hung Kai Properties (Capital Market) Limited under its USD7 billion Medium-Term Note Program, rated (P)A1. The notes will be unconditionally and irrevocably guaranteed by Sun Hung Kai Properties Limited (SHKP). "The A1 rating reflects SHKP's solid business and financial profile, which is supported by its strong recurring rental income, leadership position and long operating track record in Hong Kong, as well as robust financial metrics and strong financial flexibility," says Stephanie Lau, Moody's Lead Analyst for SHKP.
Moody's Investors Service says that the earnings of its rated Hong Kong property companies will continue to grow in the next 12-18 months despite volatility in the operating environment, while US-China trade tensions will also exert an impact -- although limited -- on the sector. "We expect the weighted average EBITDA of our 10 rated Hong Kong property companies to grow by the high single-digits in fiscal 2018 and 2019, underpinned by robust residential presales over the past two years and steady office rental income growth," says Stephanie Lau, a Moody's Vice President and Senior Analyst.
Moody's Investors Service says that the Hong Kong government's newly introduced tax on new vacant private residential units (primary flats) will have a moderate and manageable impact on Moody's-rated Hong Kong developers. "Most of the Hong Kong residential developers that we rate either show sufficient liquidity to absorb the proposed tax, or have enough of a profit cushion to absorb discounts needed to clear inventory," says Stephanie Lau, a Moody's Vice President and Senior Analyst. "Moreover, any risk of a significant fall in EBITDA because of potential price cuts to clear inventory, or liquidity impact due to the tax over the next 12-18 months, is mitigated by the companies' diversified revenue streams, including commercial property rental income in Hong Kong and China, and development income outside of Hong Kong," adds Lau.