Bank of America Securities Slightly Raises SHK PPT (00016) Target Price to HK$95, Maintains "Neutral" Rating

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Sep 05

Bank of America Securities published a research report maintaining its "neutral" rating on SHK PPT (00016), as the company's fiscal 2025 performance was slightly below expectations. While the company is benefiting from the bottoming out and rebound of Hong Kong's residential market, lower profit margins in property development may keep earnings per share and dividends flat in the near term. Compared to the 4% yield level of peers, the firm believes there is limited room for further yield compression for SHK PPT. The firm slightly raised SHK PPT's target price from HK$94 to HK$95, and adjusted its earnings per share forecasts for fiscal 2026-27 downward by 1% to 4% due to timing adjustments in property sales recognition. Unless Hong Kong property prices see significant growth in the short term, earnings per share for fiscal 2026-27 are expected to remain relatively flat.

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Unless Hong Kong property prices see significant growth in the short term, earnings per share for fiscal 2026-27 are expected to remain relatively flat.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Securities Slightly Raises SHK PPT (00016) Target Price to HK$95, Maintains \"Neutral\" Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America Securities Slightly Raises SHK PPT (00016) Target Price to HK$95, Maintains \"Neutral\" Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-09-05 11:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bank of America Securities published a research report maintaining its \"neutral\" rating on SHK PPT (00016), as the company's fiscal 2025 performance was slightly below expectations. While the company is benefiting from the bottoming out and rebound of Hong Kong's residential market, lower profit margins in property development may keep earnings per share and dividends flat in the near term. Compared to the 4% yield level of peers, the firm believes there is limited room for further yield compression for SHK PPT. The firm slightly raised SHK PPT's target price from HK$94 to HK$95, and adjusted its earnings per share forecasts for fiscal 2026-27 downward by 1% to 4% due to timing adjustments in property sales recognition. Unless Hong Kong property prices see significant growth in the short term, earnings per share for fiscal 2026-27 are expected to remain relatively flat.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2088748376.SGD","symbol_name":"Eastspring Investments - Asia Real Estate Multi Asset Income Cl ASDM SGD-H","start_time":0,"source_url":"","article_id":"1189937754","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189937754","pubTimestamp":1757042177,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Bank of America Securities published a research report maintaining its \"neutral\" rating on SHK PPT (00016), as the company's fiscal 2025 performance was slightly below expectations. 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