Sun Hung Kai traded at 108.20 this Friday September 11th, decreasing 8.50 or 7.28 percent since the previous trading session. Looking back, over the last four weeks, Sun Hung Kai lost 7.99 percent. Over the last 12 months, its price rose by 12.59 percent. Looking ahead, we forecast Sun Hung Kai to be priced at 104.79 by the end of this quarter and at 95.20 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sun Hung Kai Properties Limited is an investment holding company mainly engaged in the sale of property. Along with subsidiaries, the Company operates its business through six segments: the Property Sales segment, the Property Rental segment, the Telecommunications segment, the Hotel Operation segment, the Transport Infrastructure and Logistics segment, and the Other Businesses segment. The Property sales and Property rental segments operate in Hong Kong, Mainland China and Singapore. The Telecommunications segment is involved in the provision of mobile telephone services, and data centers and information technology (IT) infrastructure business. The Transport Infrastructure and Logistics segment is involved in transport infrastructure operation and management, port business, air transport and logistics business, and the operation of department stores and supermarkets through YATA Limited.