According to the Grand Motors Research report, the Chief Executive released a new "Policy address" yesterday to help allay investors' concerns about the recent oversupply and price restrictions in Hong Kong's housing market, pointing out that 0016.HK owns 30 million square feet of agricultural land, and the policy address mentioned that speeding up the rapid conversion of agricultural land is positive to the development of the company. Morgan Stanley believes that there is more than 80% chance that SHKP's share price will outperform the market in the next 60 days, finding a 57% discount on net asset value and a dividend yield of 5% attractive, with a target price of HK $139 and a rating of "overweight". The discount level of target net asset value is 40%, which is lower than the average 45% of local developers. The stock is now trading at HK $103.4, up 3.82%, with a latest market capitalization of HK $299.6 billion.
大行评级 | 大摩：相信新地(0016.HK)股价60日内将跑赢大市 评级“增持”
Bank rating | Morgan Stanley: it is believed that the share price of 0016.HK will outperform the market rating "overweight" within 60 days.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.