0511 GMT - Sun Hung Kai Properties' fiscal 1H earnings likely rose, says DBS Group Research in a commentary. The estimated 4% climb in underlying earnings is likely due to the lack of a HK$1.1 billion impairment provision that had weighed on results in the same period a year ago. However, DBS analysts expect the Hong Kong property company's rental earnings to have edged down slightly due to leases being renewed at lower rents. Development income likely fell 23% because of narrower margins at its Hong Kong development projects, they add. Sun Hung Kai Properties' stock, which trades at a roughly 41% discount to DBS's estimated net asset value, remains a core stock for investors betting on a recovery in the Hong Kong residential market, the analysts add. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 24, 2026 00:11 ET (05:11 GMT)

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