- Language: English
- Published: December 2011
Summary: Sun Hung Kai Properties Ltd. Dec 11
- ID: 2032921
- December 2011
- Standard & Poors
The rating on Sun Hung Kai Properties Ltd. (SHKP), a Hong Kong-based property developer and investor, reflects the steady growth in the company's high-quality investment property portfolio in Hong Kong and China. SHKP has the largest and most diversified investment property portfolio among peers in Hong Kong. The company also has a leading market position in Hong Kong for property development and leasing, and a well-recognized brand that allows it to price at a premium. Further rating strengths include SHKP's solid execution of its growth strategy, conservative and consistent financial management, strong liquidity, and ample financial flexibility. SHKP's exposure to the Chinese real estate market, which we view as more risky and less mature than that of Hong Kong, partly...
Companies mentioned in this report are: Sun Hung Kai Properties Ltd.
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