0850 GMT - Sun Hung Kai Properties appears well-positioned to capture improving sentiment in Hong Kong's residential market with its rich launch pipeline, say DBS Group Research analysts in a note. Potentially lower mortgage rates, fueled by possible Federal Reserve rate cuts, should help invigorate demand for residential property, they say, which could boost interest in the group's coming launches in Hong Kong. The company's shares are trading at around 59% discount to the current net-asset value appraised by DBS, and the stock valuation remains inexpensive from a historical viewpoint. Any favorable movement in interest rates could send the stock higher, they add. DBS trims its target to HK$102.90 from HK$104.00, while maintaining a buy rating. Shares closed 0.4% higher at HK$92.50. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 08, 2025 04:50 ET (08:50 GMT)
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