SHKP’s earnings drop as slowdown erodes asset value amid dampened sentiment
Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market value, said interim profit fell by almost a fifth as the city’s market slump eroded the value of its investment properties. Net profit dropped 18 per cent from a year earlier to HK$7.5 billion (US$967.7 million) in the six months ended December 31, it…