|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||16.82 - 17.28|
|52 Week Range||12.69 - 17.28|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||7.82|
|Forward Dividend & Yield||0.88 (5.18%)|
|1y Target Est||16.82|
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.
Moody's Investors Service says that Moody's-rated Hong Kong property companies will show steady earnings growth over the next 12-18 months, and that the stable outlook of most companies is supported by ...