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    16   HK0016000132

SUN HUNG KAI PROPERTIES LIMITED

(16)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 06/16
119.9 HKD   -0.83%
04/16Hong Kong Hang Seng Up 0.6% After Beijing GDP Report
MT
04/09SUN HUNG KAI PROPERTIESá : Resignation of Executive Director
PU
03/23Hong Kong Hang Seng Down 1.3% On Political Tensions, Tech Weakness
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Hong Kong's Sun Hung Kai Properties cuts February rent by up to 50% for most retail tenants

02/12/2020 | 05:55am EDT

Some shopping mall landlords in Hong Kong, including Sun Hung Kai Properties, the city's largest property developer by value, are offering relief measures such as rental concession to their tenants during the coronavirus outbreak.

Sun Hung Kai Properties, who owns major malls in some of the local districts that host international fashion brands ranging from Coach to Zara, said on Wednesday it would reduce February rent by 30-50% for most of its tenants, in an effort to stabilize economy and protect employment.

MTR Corp, who runs malls on top some of its subway stations, said it will adjust rent for small-medium companies. For its chain and international brand tenants, it will launch relief measures after collecting their sales data.

Link Real Estate Investment Trust, whose tenants are mostly small to medium businesses, also said it has set up a HK$80 million relief scheme, which includes allowing rent payment by instalments, waiving late payment interest and service charges, granting rent-free periods and reducing rents.

Hong Kong's retail sector, already battered by months of often violent anti-government protests, is likely to get worse in coming months as a new coronavirus outbreak in mainland China has emptied shopping centres and closed down tourist attractions.

Separately, Sun Hung Kai Properties said home sales and hotel occupancy rates have been affected by the epidemic.

(Reporting by Clare Jim; Editing by Louise Heavens)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
INDITEX -0.06% 31.06 Delayed Quote.19.35%
LINK REAL ESTATE INVESTMENT TRUST 0.13% 76.2 End-of-day quote.7.93%
MTR CORPORATION LIMITED -0.46% 42.95 End-of-day quote.-0.92%
SUN HUNG KAI & CO. LIMITED 0.00% 4.19 End-of-day quote.28.13%
SUN HUNG KAI PROPERTIES LIMITED -0.83% 119.9 End-of-day quote.19.90%
ZARA INVESTMENT HOLDING COMPANY -4.00% 0.48 End-of-day quote.17.07%
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Financials
Sales 2021 89 236 M 11 497 M 11 497 M
Net income 2021 30 305 M 3 905 M 3 905 M
Net Debt 2021 77 362 M 9 967 M 9 967 M
P/E ratio 2021 11,5x
Yield 2021 4,17%
Capitalization 347 B 44 763 M 44 765 M
EV / Sales 2021 4,76x
EV / Sales 2022 4,38x
Nbr of Employees 39 500
Free-Float 48,8%
Chart SUN HUNG KAI PROPERTIES LIMITED
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Sun Hung Kai Properties Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends SUN HUNG KAI PROPERTIES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 141,85 HKD
Last Close Price 119,90 HKD
Spread / Highest target 30,8%
Spread / Average Target 18,3%
Spread / Lowest Target -9,67%
EPS Revisions
Managers and Directors
NameTitle
Ping-Luen Kwok Chairman & Managing Director
Di Qi Ye Independent Non-Executive Director
Yue Chim Wong Independent Non-Executive Director
Kwok Lun Fung Independent Non-Executive Director
Ka-Cheung Li Independent Non-Executive Director