UBS Downgrades Sun Hung Kai Properties Ltd (SUHJY) Amid Valuation Concerns

Sun Hung Kai Properties Ltd (OTCMKTS:SUHJY) is one of the most undervalued Hong Kong stocks to buy, according to analysts. On October 16, UBS downgraded Sun Hung Kai Properties (HK:0016) from Buy to Neutral, setting a price target of HK$96.00. UBS Downgrades Sun Hung Kai Properties Ltd (SUHJY) Amid Valuation Concerns The firm cited a balanced risk-reward profile following a 31% year-to-date rally, driven by a rebound in Hong Kong’s residential market. Despite a low price-to-book ratio and NAV discount, U ...