China Business News: UBS retains "outperform" rating for Sun Kung Kai Properties

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UBS retains "outperform" rating for Sun Kung Kai Properties

Sep. 14, 2009 (China Knowledge) - Swiss investment bank UBS AG recently retained its "outperform" rating for Sun Hung Kai Properties<0016>, setting the stock's target price at HK$134. The lender said that the property developer's full-year net profit of its core business may drop 2% to HK$12 billion, but that its Cullinan property project has helped increase its net profit in the second hal

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