Sun Hung Kai Properties Likely to Gain From Hong Kong Housing Recovery -- Market Talk

Dow Jones06-05

0133 GMT - Sun Hung Kai Properties remains one of the key beneficiaries of a multiyear recovery in Hong Kong's housing market, says DBS Group Research, citing its substantial residential exposure. The Hong Kong-based property company's year-to-date residential launches have been met by strong market demand, underpinning Sun Hung Kai's execution capability and leading market position, the analysts say. The shares trade at a 47% discount to DBS's estimated current net-asset value, and the analysts view the share-price weakness as an attractive opportunity to accumulate. DBS raises its target price to 154.16 Hong Kong dollars from HK$154.20 and maintains a buy rating. Shares are down 0.65% at HK$122.90. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 21:33 ET (01:33 GMT)

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