[ET Net News Agency, 13 September 2021] Morgan Stanley raised its target price for SHK
PPT (00016) to HK$139 from HK$135 and maintained its "overweight" rating.
The research house said it lowers its HK rental revenue assumptions by 7% for F22 and 5%
for F23, partially offset by higher rental revenue from mainland China. It now expects
hotel EBIT contribution to turn positive in F23 (previously F22). (RC)