The Chinese stock market attracts many institutional and retail investors. Traders can choose securities of not only commodity producers, retailers, and IT companies. If you are interested in stable assets, look no further than China's largest real estate operators. This includes Sun Hung Kai Properties.
Sun Hung Kai Properties is one of China's largest real estate developers. This investment holding company was established on July 14, 1972. The company is headquartered in Hong Kong and controlled by the Kwok family trust. Sun Hung Kai shares have been listed on the Hong Kong Stock Exchange since 1972.
In 2012, the investment holding company was implicated in a corruption investigation that resulted in the arrest of CEO Thomas Chan. The organization's ex-secretary was summoned for questioning, after which the corporation's management was released on bail. The story caused Sun Hung Kai Properties' stock price to plummet by 15%.
One of the company's main activities is investing in real estate for sale and lease. The holding also works in such areas as hospitality, telecommunications, infrastructure, and logistics. Separate divisions of the corporation specializing in real estate management, construction, and insurance.
In June 2019, the company owned the largest land bank in Hong Kong with 58.0 million square feet. The developer owns residential and commercial complexes, including YOHO and Wings. SUHJY's projects also include PopWalk and APM shopping centers. The company was involved in the development and construction of the Millennium City Group and the New Town Plaza complex, consisting of a mall, hotel, and residential sector.
In February 2022, Sun Hung Kai Properties Ltd. stock received a Zacks #1 Rank. This means that analysts recommend actively buying the Hong Kong-based real estate operator's securities. Experts anticipate that by the end of the fiscal year, which ends in June 2022, SUHJY's earnings per share will be $1.42. According to this forecast, this figure exceeds last year's figure by 6.8%.
We have analyzed 14 analysts' forecasts for the coming year. SUHJY stock has an average target of $15.47. The maximum projected price level is $20.14 and the minimum is $11.08. By analyzing the median valuation, we can establish that SUHJY's stock price could increase by approximately 27%.
The corporation reported its first-half fiscal year results in February 2022. The management notes that the main indicators were close to the forecasted levels. For example, the dividend payout of HKD 1.25 per security was more stable than last year's parameter. The company expects its dividend for the year to remain at HKD 4.95 per share.
The corporation's management argues that the border closures and the pandemic are temporarily affecting demand for office space. Nevertheless, the company expects demand to rebound soon. At the same time, analysts predict high demand for offices, so rents will not drop significantly.
At the beginning of March 2020, Sun Hung Kai Stock was at $13. After the coronavirus pandemic began, the value of the stock began to decline and fell below $11.5 in May 2020.
To start investing in the stock of Hong Kong's largest real estate developer, register on the DotBig website. Access to the real financial markets will open after verification and deposit.
Over the past year, SUHJY stock has gone from $15.7 to $12, starting in June 2021. From February through the second half of March 2022, the quotes have held about the same level.
To trade shares in automatic mode, go to your personal DotBig account. We offer a social trading platform as well as trading robots.
SUHJY's competitors include real estate operators Longfor Group Holdings Limited and China Vanke
To authorize on the website and create a personal account, fill out the form, indicating your name, phone number, email address.
After registration, provide an identity document to verify your age and place of residence.
To start trading real money, the initial deposit can be made in any available way.
You can open/close deals on your own under the guidance of an experienced analyst or copy them from other traders.
No trading experience? Not a problem! With social trading, you can copy the trades of the best DotBig traders. Follow the rating and make a profit.Start trading