Salomon expects SHKP H1 net profit down 1%, target price HK$90

Salomon Smith Barney expected Sun Hung Kai Properties (0016)ˇ¦s H1 net profit in 2001 would decrease 1% to HK$5100mln, and FY net profit in 2001 would rise 15% to HK$7978mln. Salomon maintains the rating ˇ§leading marketˇ¨for SHKP. The target price is set at HK$90.

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