SHKP underlying profit +4.6% as Hong Kong property recovery firms

Sun Hung Kai Properties reported a 4.6% rise in underlying profit to HK$22.85bn for FY ending June, with a swing to a HK$1.38bn net revaluation gain from a HK$742m loss, signaling a stabilizing Hong Kong property market. The result confirms a gradual recovery in the city's real estate sector, though the pace remains modest and dependent on sustained demand.