Hong Kong Stock Alert: Sun Hung Kai Properties Slips Over 6% Post Results, FY2026 Underlying Profit Up 4.6%

Stock News09:58

SHK PPT (00016) opened lower and extended losses in Thursday's session, touching an intraday low of HK$109. As of writing, the stock had fallen 6% to HK$109.7, with turnover reaching HK$228 million.

On the news front, SHK PPT released its annual results for the year ended June 30, 2026, on September 10. Full-year revenue reached HK$94.194 billion, up 18.15% year-on-year, while profit attributable to shareholders grew 11.15% to HK$21.426 billion. Excluding the impact of fair value changes on investment properties, underlying profit rose 4.6% to HK$22.85 billion.

However, based on earlier announcements, SHK PPT's underlying profit for the first half of the fiscal year stood at HK$12.213 billion, up 16.7% year-on-year. This implies that second-half underlying profit was approximately HK$10.637 billion, reflecting a decline of about 6.6% compared to the prior year's corresponding period.

Additionally, the company declared a final dividend of HK$2.93 per share for the year. Combined with the interim dividend of HK$0.98 per share, the full-year payout totals HK$3.91 per share, representing a 4% increase year-on-year.

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