HS-SHKP@EC2612A

Hong Kong New Property Market Records Highest Handover Volume in February

Sun Hung Kai Properties Announces 2025/26 Mid-Year Financial Results

New World Development reports HK$10.25 billion net profit for first half of the year

New World Development Completes Rail Station Top Project, UBS Rents One Building

UOB Kay Hian downgrades Sino Land's rating to hold

New City Square's Spring Festival Activities Boost Merchant Sales

New World Development's Xisha Residential Short-Term Profitable Transactions

JPMorgan Raises Rating and Target Price of Sun Hung Kai Properties, Sees Positive Outlook for Hong Kong Property Market

Sino Land to Release Q4 Earnings Report on February 26

SHK PPT to Release FY2026 Semi-Annual Earnings on February 26, 2026 (BJT), Forecast Revenue HKD 41.78 B, EPS HKD 3.68

UBS Raises New World Developments Target Price to HKD 136

Sales Boom at New World Development Projects Signals Turnaround in Hong Kong Real Estate

New Horizon Kowloon City Project Sells 15 Units in Four Weeks

New World Development Accelerates Sales Preparation for Second C Phase of Sai Kung Project

New World Development's Kai Tak Oceanfront Mansion Records Another Bid Sale

Morgan Stanley Expects New World Development's EPS to Rise 13% in H1 FY2026 and Maintains Overweight Rating

New World Development to Increase Number of Units to 2,670 in Tuen Mun Development Project

New World Development's SIERRA SEA Phase 2B Launches Sales

UBS Relocates to ICC Tower at West Kowloon

New Town Developments Seeks HK$5 billion 5-Year Loan

CT IND GROUP

KEEN OCEAN

EPI (HOLDINGS)

MOBI DEV

MS CONCEPT

NANFANG COMM

CCOE

HK ENT INTL

IDT INT'L

PUTIAN COMM

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Sun Hung Kai Properties (SHKP) reported a 36.2% increase in first-half net profit to HK$10.25 billion, with revenue rising 32% to HK$52.7 billion. Despite missing revenue estimates, operating income exceeded forecasts. SHKP plans to launch several residential projects in Hong Kong and has sold out 1,400 flats at its Sierra Sea project. Investors are optimistic about SHKP due to its significant land holdings. Meanwhile, Hysan Development's annual earnings rose 28.3% to HK$2.5 billion, driven by property sales, although recurring profit fell slightly. Hysan anticipates challenges in 2026 but remains prepared for growth.

南华早报

HYSAN DEV

GF CSI All Share Financials ETF

SHK PPT

China Southern CSI All Share Real Estate ETF

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

SHKP, Hong Kong’s bellwether developer, posts 36% jump in first-half net profit

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Sun Hung Kai Properties' Profit, Revenue Rise in Fiscal H1

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Sun Hung Kai Properties' Profit, Revenue Rise in Fiscal H1

SHK PPT (016) reported a mid-term basic profit of HKD 12.213 billion, an increase of 16.7% year-on-year; the interim dividend per share is HKD 0.98, up 3.2%. Guo Binglian stated that the Hong Kong property market is gradually recovering, benefiting from factors such as lower mortgage rates and rising residential rents, with an optimistic economic outlook. SHK PPT plans to launch multiple residential projects for sale in the next 10 months, and the rental market is improving, with prime location properties still being the tenants' first choice. Total revenue during the period increased by 34%, and property sales revenue surged by 94%

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New World Development's interim underlying profit rose by 17%, with a 3% increase in dividends. Guo Binglian: The property market is gradually recovering, and Hong Kong has entered a new stage of high-quality development

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New World Development's half-year basic profit increased by 16.7% year-on-year to HKD 12.213 billion, with an interim dividend rising to HKD 0.98

AASTOCKS

GLORIOUS PPT H

SUNLIGHT REIT

New World Development's half-year basic profit increased by 16.7% year-on-year to HKD 12.213 billion, with the interim dividend rising to HKD 0.98

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HSBC's research report indicates that Hong Kong's property market policies will continue to support the real estate market, and real estate investment trusts may welcome new opportunities. HSBC prefers New World Development, Henderson Land, and Sino Land, all of which are given a "Buy" rating, with target prices remaining unchanged. Although some developers' stock prices have fallen due to the increase in stamp duty, the bank believes this pullback is healthy, with limited impact, primarily aimed at increasing fiscal revenue. Overall policies still support the residential market, improving developers' profit outlook

HENDERSON LAND

SINO LAND

HSBC Research: The budget proposal has a positive stance on the property market, favoring New World Development, Henderson Land, and SINO LAND

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Hong Kong stocks ADR is expected to open 386 points higher this morning, at 27,152 points. The relative stock prices and the premium of Hong Kong stocks over ADRs are as follows: CKH HOLDINGS HKD 62.113 (-0.18%), CLP HOLDINGS HKD 75.569 (-0.69%), HK & CHINA GAS HKD 7.51 (1.46%), WHARF HOLDINGS HKD 25.19 (3.53%), HSBC HOLDINGS HKD 147.383 (-3.18%), POWER ASSETS HKD 61.41 (-0.18%), PCCW HKD 6.164 (-3.31%), HENDERSON LAND HKD 34.186 (1.15%), SHK PPT HKD 137.918 (-1.10%), NEW WORLD DEVELOPMENT HKD 10.814 (3.01%), SWIRE PACIFIC A HKD 83.196 (-0.48%), BANK OF E ASIA HKD 15.568 (-1.98%), GALAXY ENT HKD 44.278 (-2.25%), HANG LUNG PPT HKD 10.201 (-1.97%), GEELY AUTO HKD 19.107 (-12.86%), CITIC LIMITED HKD 12.305 (0.93%), CATHAY PAC AIR HKD 13.502 (0.36%)

CKH HOLDINGS

SWIRE PACIFIC B

GALAXY ENT

WHARF HOLDINGS

CLP HOLDINGS

SWIREPROPERTIES

WHARF REIC

PCCW

HANG LUNG PPT

CATHAY PAC AIR

GEELY AUTO

HK & CHINA GAS

PCPD

BANK OF E ASIA

HSBC HOLDINGS

POWER ASSETS

SWIRE PACIFIC A

HANG LUNG GROUP

HENDERSON INV

The Hong Kong stock ADR is expected to open 386 points higher this morning, reporting at 27,152 points

Chen Hongting from the Ma'anshan Tianyu Hai branch of Zhongyuan Real Estate stated that the Xisha SIERRA SEA recorded 55 second-hand transactions this month, with one unit sold at HKD 6.28 million without negotiation, having a usable area of 433 square feet and an average price per square foot of HKD 14,503. The new buyer decided to live in the property as a family member purchased a unit in the same estate. The original owner bought the unit in 2025 for about HKD 4.76 million and made a profit of HKD 1.52 million after holding it for nine months, with the unit appreciating by 32%

"Sierra Sea" recorded a total of 55 second-hand transactions this month, with a two-bedroom unit sold for HKD 6.28 million without negotiation, reflecting a 32% increase over nine months

The Guo family purchased an independent house at Shouson Peak in the Southern District for HKD 180 million, with a price per square foot of HKD 50,000. The house has a usable area of 3,600 square feet, along with a 750 square foot terrace and a 1,138 square foot garden. The developer paid the 4.25% stamp duty on behalf of the buyer, amounting to HKD 7.65 million. Compared to neighboring independent houses, the price per square foot for the Guo family's purchase is 32% lower

The Kwan family spent HKD 180 million to purchase the independent house at Shouson Peak in the Southern District, with a price per square foot of HKD 50,000

Under New World Development, the Kai Tak "The Sky . Sea" recorded its first transaction of the Year of the Horse. Today (24th), the B unit on the 23rd floor of the 3rd building was sold by tender, with a usable area of 1,089 square feet, a four-bedroom and one-suite layout, and a transaction amount of HKD 44.868 million, with a price per square foot of HKD 41,201. Since the project was launched for sale, 16 units have been sold in six weeks, cashing out over HKD 890 million

The unit of Qide Tianxi, a four-bedroom apartment, was sold for over HKD 44 million, with a price per square foot of approximately HKD 41,200

UOB Kay Hian Downgrades Sun Hung Kai Properties to Hold from Buy, Price Target is HK$143.80

UOB Kay Hian Downgrades Sun Hung Kai Properties to Hold from Buy, Price Target is HK$143.80

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The Hong Kong stock ADR is expected to open 191 points lower this morning, reporting at 26,891 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH HOLDINGS HKD 63.301 (premium 1.50%), CLP HOLDINGS HKD 77.954 (premium -0.71%), HK & CHINA GAS HKD 7.314 (premium 5.14%), WHARF HOLDINGS HKD 25.164 (premium 4.51%), HSBC HOLDINGS HKD 136.605 (premium -0.52%), POWER ASSETS HKD 59.628 (premium 3.98%), PCCW HKD 6.338 (premium -6.12%), HENDERSON LAND HKD 33.526 (premium 3.20%), SHK PPT HKD 139.536 (premium 0.33%), NEW WORLD DEV HKD 10.708 (premium 1.51%), Swire Properties A HKD 81.588 (premium 0.08%), BANK OF E ASIA HKD 15.552 (premium -0.91%), GALAXY ENT HKD 44.233 (premium -0.98%), HANG LUNG PPT HKD 10.191 (premium 0.28%), Geely Automobile HKD 19.088 (premium -9.94%), CITIC Limited HKD 12.723 (premium -2.46%), CATHAY PAC AIR HKD 12.957 (premium -0.90%)

NEW WORLD DEV

HKT-SS

The Hong Kong stock ADR is expected to open 191 points lower this morning, reporting at 26,891 points

Zhongyuan Real Estate stated that the latest transaction for the West Sand SIERRA SEA recorded a low-rise A unit in Phase 1B, with a usable area of 523 square feet, a three-bedroom layout, sold for HKD 7.28 million after negotiation, with an average price per usable square foot of approximately HKD 13,920. The new buyer is a first-time homebuyer, purchasing the unit for self-occupation. It is understood that the original owner purchased the unit for approximately HKD 5.7 million in May 2025, holding it for about 9 months, realizing a profit of HKD 1.58 million upon transfer, with the unit appreciating 28% during the holding period

"Sierra Sea" in West Sa, three-bedroom, sold for 7.28 million, with a paper profit of 1.58 million after holding for nine months

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JP Morgan released a research report, updating the investment ratings and target prices for several real estate stocks. The rating for SHK PPT was upgraded from Neutral to Overweight, with the target price raised from HKD 109 to HKD 162; CK ASSET maintained a Neutral rating, with the target price increased from HKD 41 to HKD 48.5; HENDERSON LAND maintained an Overweight rating, with the target price raised from HKD 33 to HKD 39; NEW WORLD DEV maintained a Neutral rating, with the target price increased from HKD 9.5 to HKD 10.7; SINO LAND maintained an Overweight rating, with the target price raised from HKD 12.5 to HKD 14.5

CK ASSET

"Major Banks" JP Morgan's Investment Ratings and Target Prices for Real Estate Stocks (Table)

HS-SHKP@EC2612A(25413.HK)

SHKP, Hong Kong’s bellwether developer, posts 36% jump in first-half net profit

Sun Hung Kai Properties' Profit, Revenue Rise in Fiscal H1

New World Development's interim underlying profit rose by 17%, with a 3% increase in dividends. Guo Binglian: The property market is gradually recovering, and Hong Kong has entered a new stage of high-quality development

New World Development's half-year basic profit increased by 16.7% year-on-year to HKD 12.213 billion, with the interim dividend rising to HKD 0.98

HSBC Research: The budget proposal has a positive stance on the property market, favoring New World Development, Henderson Land, and SINO LAND