Morgan Stanley Forecasts 13% Rise in SHK PPT's First-Half Underlying EPS, Sets Target at HK$120

Stock News
Feb 06

Morgan Stanley has issued a research report indicating that SHK PPT will announce its financial results for the first half of the 2026 fiscal year, ended December of the previous year, by the end of February. The report anticipates that the company's underlying earnings per share for the period will increase by 13% year-on-year to HK$3.89. The interim dividend is expected to remain unchanged at HK$0.95 per share. The firm has assigned an "Overweight" rating to SHK PPT with a target price of HK$120. The property development segment's profit margin is projected to reach a high double-digit percentage level, driven by the recognition of completed inventory with lower costs and recent price increases on new project sales. The report highlighted the strong performance of the Sierra Sea Phase 2A & 2B project and expects SHK PPT to launch the second phase of its luxury residential project, Tianxi - Sea, located in the Kai Tak Runway Area. With the average transacted price for the first phase exceeding HK$50,000 per square foot, the initial pricing for the second phase is forecast to reach over HK$45,000 per square foot, potentially delivering a substantial profit margin exceeding 15%.

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