Five HK developers predicted to report gains for 2017

Morgan Stanley is expecting to see "a 13% year on year earnings per share gain on average"
February 25, 2018 03:32PM

(Credit: Pixabay)

The mood in Hong Kong is looking up for 2018: home prices are still soaring and apartment sales have reached heights not seen for 10 years.

And the good news keeps coming: Morgan Stanley analysts predict five developers in the city will be reporting gains from last year and the latter half of 2017, according to the South China Morning Post.

“We expect developers to see a 13 per cent year on year earnings per share gain on average, mainly driven by growing sales volume and project completion,” wrote analyst Praveen Choudhary in a recent report by the bank.

The developers named in the report include Sun Hung Kai Properties (or SHKP), Sino Land, CK Asset Holdings, Kerry Properties and Henderson Land Development. Morgan Stanley pegs theirs gains at between 19 percent and 250 percent. [SCMP]Erin Hudson