Property News · September 10, 2020

Sun Hung Kai Properties banks on more reversal of Covid-19 containment measures to revive retail, hotel businesses


Sun Hung Kai Properties, Hong Kong’s biggest developer by market value, is banking on easier Covid-19 containment measures to help revive its stricken retail and hotel businesses and pull the city’s economy out of recession. The group has suffered this year because of restrictions in movements, and its earnings outlook remain uncertain in the medium term, chairman and managing director Raymond Kwok Ping-luen said. Its recovery will depend on the state of pandemic and measures to reopen cross…

Source : South China Morning Post
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