[ET Net News Agency, 30 December 2019] Goldman Sachs lowered its target price for Sun
Hung Kai Properties (00016) by 2% to HK$142 and maintained its "buy" rating.
The research house updated its estimates factoring in updated assumptions on investment
and development properties. With this, it revised its FY2020-22 EPS forecasts by -1% to
-3%. But Goldman does not view these changes as material, and there is no change to its
investment thesis or rating.
It noted that downside risks included abrupt economic downturn, unexpected real estate
policy changes, and unforeseen interest rate moves. (KL)