Sun Hung Kai Properties' Earnings Should Recover as Lower-Rate Environment Nears -- Market Talk
From November, The Point, a subsidiary of Sun Hung Kai Properties (00016.HK), will cancel the feature of earning points by uploading documents.
New World Development (00016.HK) launched the merchant's 'Earn Points' service as part of 'The Point' membership reward program earlier this year, allowing users to scan their membership QR codes at designated merchants in 25 New World shopping malls after making purchases to earn points. Recently, New World announced a new arrangement for registering points starting from November 4th. Registered points and the use of Point Dollars are only applicable to participating merchants for 'Earn Points', while the self-uploading of receipts for point accumulation through the app will be disabled. The threshold for registering points at mall counters has been raised from 100 yuan to 0.03 million yuan or more.
New World Development (00016.HK) will upload the property information of "Heavenly Seal. Sky" in "Hong Kong Building" and is expected to go on sale as early as next month.
Eric Woo, the acting general manager of Sun Hung Kai Properties (00016.HK), said yesterday (11th) that the project "Tianshi．Cullinan Sky" has received many inquiries from customers, with mainland customers accounting for 30% of the total. It is expected that the sales brochure will be uploaded within two days, and next week the media will be given the first opportunity to visit the show units. It is anticipated that the project will be available for sale as early as next month, with a property management fee of approximately HKD 5.58 per square foot. In addition, he revealed that about 95% to 98% of the owners have already taken possession of their properties in the second phase of University Hill in Pak Shek Kok, with over 200 units remaining for sale, completing the takeover.
haitong int'l: New World (00016.HK) annual performance generally meets expectations New target price of 90 yuan.
Haitong Int'l released a report stating that New World (00016.HK) core net profit for the fiscal year ended June decreased by 9% year-on-year, performance roughly in line with expectations, considering the slowdown in property sales and revenue recognition, lowering the revenue forecast for 2025 and 2026 by 9% and 2% respectively, with corresponding net profit forecasts lowered by 9% and 4%. The latest target price is 90 yuan, with an estimated net asset value (NAV) per share discount of 58% to 214 yuan, and a target dividend yield of 4.2%. The bank maintains an "outperform market" rating for New World, also stating that New World's net gearing ratio dropped from 21% to 18%, indicating a healthy situation, with a dividend payout ratio of 40-50% of underlying profits.
78 units added in Phase 3B of NOVO LAND in Tuen Mun, with an average practical price per square foot of 12,354 yuan.
Yesterday (9th), Novo Land Phase 3B under New World (00016.HK) released 78 units, including 9 open units, 28 one-bedroom units, 28 two-bedroom units, and 13 three-bedroom units. Based on the cash payment plan, the discounted price per square foot ranges from 11,688 to 12,866 yuan, with an average discounted price per square foot of 12,354 yuan. Among them, 37 units have a discounted selling price below 4 million yuan. The latest sales arrangement, Phase 4, involves a total of 154 units, including 124 price list units and 30 bid units. The price list units are calculated based on the cash payment plan, with an entrance fee of 308 yuan.
The strategy of the Federal Reserve's interest rate cut layout is here! Warren Buffett has already placed his bets in advance, why are real estate stocks expected to become the 'strongest interest rate cut trade'?
The strong performance of US real estate stocks is driven by market expectations of a rate cut by the Federal Reserve. As mortgage rates decrease, homebuyers' activity will significantly increase, promoting further growth in the industry.