The Zhitong Finance App learned that DBS released a research report saying that according to the “buy” rating given Sun Hung Kai Properties (00016), the company's strong execution and high asset quality should be one of the main beneficiaries of policy easing. The recent increase in shares held by the Kwok family, the majority shareholder, also shows the strong intrinsic value of the stock. The target price was raised from HK$99.2 to HK$111.6.

The bank mentioned that more SHKP projects are being prepared, and profits from recent development are guaranteed. Following the enthusiastic response from the launch of YOHO West Phase 1 in Tin Shui Wai, the company plans to launch the Kai Tak Tianxi Sea Luxury Home and Royal View Garden renovation units in the form of a tender. Other projects to be sold this year include Tuen Mun NOVO LAND Phase III, Yuen Long The YOHO Hub II, YOHO WEST Phase II, and Xisha Project Phase 1 A. As for the rest of the company's Nanjing IFC shopping mall, which has recently opened, the newly built TOWNPLACE WEST KOWLOON has provided new contributions. Furthermore, the gradual completion of the company's Yuen Long YOHO MIX shopping mall in Hong Kong, the Qiao Ming Street retail mall, and the Shanghai International Trade Center Phase III will drive the company's rental revenue growth over the next few years.