An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Sun Hung Kai Properties Limited, an investment holding company, develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally.
VERDICT
The label
Markdown
read at $121.50
Sun Hung Kai Properties Limited holds its Markdown at $121.50.
PHPhase · the trend structure carries the Markdown label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · screen not yet scored
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2025-06-30
Phase
Markdown · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 20 days
Price
$121.50
Valuation
16.01 trailing · 14.06 forward price to earnings
Values screen
Not scored
Beta
0.83
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$121.50
16.01 P/E · 14.06 fwd
Our fair value
$141.66
17% discount
Analyst target (avg)
$145.05
+19% to current
Target low $80.00Analyst target rangeTarget high $170.00
▲ current $121.50 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$121.50
you are here
Conservative
$103.70
-15%
Analyst avg
$145.05
+19%
Our fair value
$141.66
+17%
Analyst high
$170.00
+40%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Revenue growth
32.00%
Profit margin
23.79%
Debt to equity
16.60
Analyst consensus
Buy · 14 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company clears both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✓ PASSES
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Screened names in the same industry · explore each on its own page.
TRADER
The trader read · the latest dated commentary
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 2.6% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 18% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 43%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (14 analysts) rates it buy, with a mean price target of $148. Entered 2026-07-19 · Distribution
JOURNAL
The dated journal · newest first, never edited
2026-07-19Distribution$121.90+2.6%Entry 5
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 2.6% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 18% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 43%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (14 analysts) rates it buy, with a mean price target of $148.
2026-07-18Distribution$118.80+0.0%Entry 4
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 18% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 43%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (14 analysts) rates it buy, with a mean price target of $148.
2026-07-15Distribution$118.80+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-03Distribution$118.80+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Distribution$118.80Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$143.30
-18.9%
·
$811
-18.9%
2 months
$138.70
-16.2%
·
$838
-16.2%
3 months
$133.40
-12.9%
·
$871
-12.9%
6 months
$98.55
+17.9%
$0.98
$1,189
+18.9%
1 year
$81.41
+42.7%
$3.78
$1,474
+47.4%
2 years
$67.75
+71.5%
$7.53
$1,826
+82.6%
3 years
$89.33
+30.1%
$12.18
$1,437
+43.7%
5 years
$95.78
+21.3%
$22.08
$1,444
+44.4%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever 0016.HK does next, these words stay.
Sun Hung Kai Properties Limited · 0016.HK · Markdown · $121.50
Recorded 2025-06-30 · before the outcome · scored mechanically