Sun Hung Kai Mini-rose 0.37% Grand Chinese review holds HK $96.79
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Sun Hung Kai Property (00016-HK) rose slightly by 0.37% to HK $94.70, a deal of HK $147 million, which is now largely synchronized with the city, with a 0.23% rise in the index. Dahua maintained the share rating, but raised its target price from HK $89.15 to HK $96.79 after the expected increase in net asset prices from HK $101.31 to HK $109.00 was adjusted to reflect an improvement in the outlook for the economy in view of the buoyant performance of the stock and property markets. The bank also maintained Sun Hung Kai Property 09 fiscal year earnings forecast unchanged, the 10 fiscal year earnings forecast up 15%, because the Tin Seal project sales accelerated.
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