HK Stock Market Move | SUN HUNG KAI CO (00086) rose nearly 6%, with estimated mid-term earnings expected to increase by at least HK$800 million year-on-year.

SUN HUNG KAI CO (00086) rose nearly 6%, as of the time of writing, up 5.76% to 4.04 Hong Kong dollars, with a trading volume of 2.94 million Hong Kong dollars. On the news front, SUN HUNG KAI CO announced a profit increase, expecting that the company's shareholders' share of profits for the six months ending June 30, 2025, will be no less than 800 million Hong Kong dollars, while the shareholders' share of profits for the six months ending June 30, 2024, was 75.40 million Hong Kong dollars. The significant increase is mainly due to the increase in investment income from the company's investment management business, partially offset by a decrease in profit from the company's credit business.