I'm LongbridgeAI, I can summarize articles.Citi forecasts improved interim results for Hong Kong property developers in 1H26, driven by recovering margins, strong sales, and lower financing costs. The bank favors SWIREPROPERTIES, SHK PPT, CK ASSET, and LINK REIT for their cash flow and shareholder returns. Earnings growth is expected across major players like Henderson Land and Swire Properties, while Kerry Property may see a decline due to timing of revenue recognition.
Citi issued a research report expecting interim results of Hong Kong property stocks to improve in 1H26, on the back of development property margins recovering from 3%-8% in 1H25 to an expected 13%-18%; revenue recognition backed by strong sales; positive rental reversions across China retail; and improved financing costs due to lower debt.
The broker expected dividend growth for SWIREPROPERTIES (01972.HK) +0.240 (+1.148%) Short selling $784.38K; Ratio 13.508% and Hongkong Land, while SHK PPT (00016.HK) +2.600 (+2.257%) Short selling $73.90M; Ratio 34.146% and CK ASSET (01113.HK) +0.780 (+1.743%) Short selling $9.29M; Ratio 16.070% were expected to distribute dividends based on EPS growth under preset payout ratios. The broker favored stocks with improving cash flow and enhanced shareholder returns, with top picks including SWIREPROPERTIES, SHK PPT, CK ASSET and LINK REIT (00823.HK) -0.420 (-1.111%) Short selling $62.80M; Ratio 41.953% .
Regarding earnings forecasts, Citi expected HENDERSON LAND (00012.HK) +0.400 (+1.606%) Short selling $14.46M; Ratio 21.653% to record more than 30% earnings growth in 1H26. Earnings of SWIREPROPERTIES were forecast to rise about 30% YoY to around HKD4.5 billion. SHK PPT's earnings for FY2026 were predicted to grow 3%-6% YoY, while CK ASSET's earnings were estimated to mount 2%-3% YoY and return to a net cash position.
HANG LUNG PPT (00101.HK) +0.020 (+0.282%) Short selling $5.59M; Ratio 28.315% 's net profit was projected to hike 4%-7%, while earnings of WHARF HOLDINGS (00004.HK) +0.060 (+0.320%) Short selling $808.96K; Ratio 16.302% , SINO LAND (00083.HK) +0.120 (+1.178%) Short selling $4.68M; Ratio 23.438% and HYSAN DEV (00014.HK) +0.230 (+1.341%) Short selling $1.52M; Ratio 21.677% were measured to remain stable. In addition, Citi estimate that KERRY PPT (00683.HK) -0.150 (-0.819%) Short selling $512.63K; Ratio 6.855% may record an interim earnings decline as revenue booking and margin recovery are concentrated in 2H26, while NEW WORLD DEV (00017.HK) +0.130 (+2.038%) Short selling $3.20M; Ratio 20.979% was foreseen to post a loss.
On dividends, Citi expected SWIREPROPERTIES, SHK PPT and CK ASSET to all record dividend growth of 2%-3%. Please refer to the separate table for TP and ratings details.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-10 12:25.)