Zacks Investment Research Lowers Sun Hung Kai Properties (OTCMKTS:SUHJY) to Hold

Zacks Investment Research downgraded shares of Sun Hung Kai Properties (OTCMKTS:SUHJY) from a buy rating to a hold rating in a research note released on Saturday, January 13th.

According to Zacks, “Sun Hung Kai Properties Limited is an investment holding company. The Company is engaged in the development of and investment in properties for sale and rent, hotel operation, telecommunications, transportation, infrastructure and logistics. Its segments include Property sales, Property rental, Hotel operation, Telecommunications, Transport infrastructure and logistics, and other businesses. The Property sales and Property rental segments operate in Hong Kong, Mainland China and Singapore. Its Property development for sale business includes land acquisition, project planning, sales and marketing, and property management. It builds leases and manages a range of commercial projects in both core and decentralized areas that provide office and retail space to tenants. It has a portfolio of hotels, serviced suites and residences. Its other businesses include property management, construction, mortgage and other loan financing, data center facilities and department store. “

Separately, ValuEngine upgraded shares of Sun Hung Kai Properties from a hold rating to a buy rating in a research note on Sunday, December 31st.

Sun Hung Kai Properties (OTCMKTS SUHJY) traded down $0.26 on Friday, hitting $16.99. 14,742 shares of the stock were exchanged, compared to its average volume of 26,608. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.53 and a current ratio of 4.53. Sun Hung Kai Properties has a 12 month low of $13.81 and a 12 month high of $17.86.

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Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties Limited is an investment holding company. The Company is engaged in the development of and investment in properties for sale and rent, hotel operation, telecommunications, transportation, infrastructure and logistics. Its segments include Property sales, Property rental, Hotel operation, Telecommunications, Transport infrastructure and logistics, and Other businesses.

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