On September 17, SHK PPT declined 3.1% in regular trading to HK$106.2 per share, with turnover of approximately HK$153 million, extending its post-earnings correction trend.
The decline follows the release of FY2026 results on September 10, which showed full-year revenue of HK$94.19 billion, up 18.15% year-over-year, and attributable profit of HK$21.43 billion, up 11.15%. However, second-half underlying profit fell approximately 6.6% year-over-year, dampening sentiment. Multiple investment banks subsequently adjusted their outlooks — CLSA cut its target price from HK$148 to HK$136, Goldman Sachs trimmed its target to HK$169 from HK$170, while Morgan Stanley maintained its HK$121 target, flagging rate hike fears as a near-term headwind. Citi was a relative outlier, slightly raising its target to HK$168.3.
Meanwhile, Kwok family members collectively increased their holdings on September 15 by a combined HK$135 million at an average price of approximately HK$108.67 per share, but the insider buying has so far failed to arrest the slide. The broader Diversified Real Estate sector also traded weaker, with WHARF HOLDINGS down 2.86%, NEW WORLD DEV down 2.89%, and KERRY PPT down 1.43%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)