Zhi Tong Cai Jing·2026-02-27 08:49Core Viewpoint - Goldman Sachs reports that Sun Hung Kai Properties (00016) met expectations for the first half of the fiscal year ending December 2026 and expressed a more optimistic outlook for the Hong Kong property business during the analyst briefing [1] Group 1: Earnings Forecast and Target Price - Goldman Sachs raised the earnings per share forecast for Sun Hung Kai Properties for the fiscal years 2027 to 2028 by 2% to 13% [1] - The target price for the stock was increased from HKD 159 to HKD 164 while maintaining a "Buy" rating [1] Group 2: Dividend Policy and Management Confidence - The interim dividend for Sun Hung Kai Properties increased by 3% year-on-year to HKD 0.98, indicating enhanced management confidence in the business outlook [1] - The company maintains a dividend policy of distributing 40% to 50% of the basic net profit for the year, with an expected total annual dividend of HKD 3.96, representing a year-on-year increase of 6% assuming a 48% payout ratio [1]