S&P grants investment grade rating, raising target price for Sun Hung Kai Properties (00123.HK), capital market bullish on it.

According to the Wisdom Financial APP, on August 25th, international credit rating agency Standard & Poor's assigned Yuexiu Property (00123.HK) a long-term issuer credit rating of "BBB-", with a stable outlook. This is the first time since mid-2024 that Standard & Poor's has assigned an investment-grade positive rating to a Chinese real estate company. It is worth noting that in June, Fitch Ratings raised Yuexiu Property's rating outlook to "stable". Industry insiders generally believe that this sends a positive signal of confidence from the international capital market in the return of confidence to the Chinese real estate industry.