HK Stock Market Move | SHK PPT (00016) fell over 4% after the performance results. Mid-term underlying profit increased by 18% year-on-year. Dividend maintained at 0.95 Hong Kong dollars.

SHK PPT (00016) fell more than 4% after the performance announcement, down 4.07% as of the press release, at 71.9 Hong Kong dollars, with a turnover of 1.9 billion Hong Kong dollars. On the news front, SHK PPT reported its performance for the six months ending December 31, 2024. The group recorded revenue of 39.933 billion Hong Kong dollars, an increase of 44.99% year-on-year. Net profit attributable to shareholders was 7.523 billion Hong Kong dollars, a decrease of 17.74% year-on-year. It plans to distribute an interim dividend of 0.95 Hong Kong dollars per share, unchanged from the same period last year. Excluding fair value changes of investment properties and realized fair value gains from the sale of investment properties, the underlying profit for the period was 10.463 billion Hong Kong dollars, an 18% increase year-on-year; operating profit was 12.098 billion Hong Kong dollars, a 10.5% increase year-on-year. Goldman Sachs lowered its basic earnings per share forecast for the company for the 2025 fiscal year by 6%, maintained its forecast for the 2026 fiscal year, lowered its forecast for the 2027 fiscal year by 3%, and lowered its dividend per share forecast for the company for the fiscal years 2025-2027 by 5%, 5%, 3%. It is expected that the dividend for the 2025 fiscal year will remain at 3.75 Hong Kong dollars, with an increase starting from the 2026 fiscal year. The dividend payout ratio (DPO) is estimated to be around 46%, lower than the average of 51% in the previous five years.