|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.69 - 13.74|
|52 Week Range||12.69 - 17.86|
|Beta (3Y Monthly)||1.78|
|PE Ratio (TTM)||6.26|
|Forward Dividend & Yield||0.88 (6.27%)|
|1y Target Est||17.58|
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 ...
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Sun Hung Kai Properties Ltd. with the following peers – Henderson Land Development Co. Ltd. Sponsored ADR, Sino Land Co. Ltd. Sponsored ADR and China Resources Land Limited Unsponsored ADR (HLDCY-US, SNLAY-US and CRBJY-US). Sun Hung Kai Properties Ltd.’s dividend yield is 2.96 percent and ... Read more (Read more...)