Sun Hung Kai Properties Could Ride Hong Kong's Residential-Market Recovery -- Market Talk
Dow Jones
Jan 30
0516 GMT - Sun Hung Kai Properties remains best placed to ride Hong Kong's residential-market recovery, DBS Group Research analysts say in a note. The Hong Kong-listed property company's latest residential launch was well received, and it has a rich project pipeline that could tap further demand, they say. Sun Hung Kai is also replenishing its land bank at favorable costs, which could be accretive to its medium-term earnings recovery, the analysts add. These moves could drive the property company's share price higher, they say. DBS raises its target price to HK$134.20 from HK$122.00 and maintains a buy rating. Shares rise 1.2% to HK$126.10. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 30, 2026 00:16 ET (05:16 GMT)
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