According to a report issued by Lyon, Sun Hung Kai Properties announced its financial results for the 2026 fiscal year. The basic profit was HK$22.85 billion, up 4.6% year on year, which was roughly in line with the forecast, but was 2% lower than market expectations. The annual dividend per share rose 4% to HK$3.91 year on year, and the dividend ratio remained unchanged at about 50%. The net debt ratio fell to 10.7%, and the balance sheet was strong, with sufficient flexibility to seize market opportunities. Management continues to take a constructive view of the Hong Kong housing market. The bank maintains its forecast that residential property prices in Hong Kong will rise by 12% in 2026 and another 5% in 2027. The bank maintained its “outperforming the market” rating, but lowered the target price from HK$148 to HK$136, as the discount on the net asset value of HK$220.20 per share as of the end of the 2027 fiscal year was extended from 30% to 38.1% to reflect rising uncertainty in the Hong Kong property market.
Zhitongcaijing·09/11/2026 06:50:04
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According to a report issued by Lyon, Sun Hung Kai Properties announced its financial results for the 2026 fiscal year. The basic profit was HK$22.85 billion, up 4.6% year on year, which was roughly in line with the forecast, but was 2% lower than market expectations. The annual dividend per share rose 4% to HK$3.91 year on year, and the dividend ratio remained unchanged at about 50%. The net debt ratio fell to 10.7%, and the balance sheet was strong, with sufficient flexibility to seize market opportunities. Management continues to take a constructive view of the Hong Kong housing market. The bank maintains its forecast that residential property prices in Hong Kong will rise by 12% in 2026 and another 5% in 2027. The bank maintained its “outperforming the market” rating, but lowered the target price from HK$148 to HK$136, as the discount on the net asset value of HK$220.20 per share as of the end of the 2027 fiscal year was extended from 30% to 38.1% to reflect rising uncertainty in the Hong Kong property market.