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STOCK COMPARISON

Sun Hung Kai Properties vs PT Minahasa Membangun Hebat Tbk: Fair Value & Quality

Both stocks run through our valuation models. Here is how Sun Hung Kai Properties (0016) and PT Minahasa Membangun Hebat Tbk (HBAT) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Sun Hung Kai Properties as the more attractively valued of the two: Sun Hung Kai Properties trades at HK$109 versus a fair value of HK$148 (+35%), while PT Minahasa Membangun Hebat Tbk trades at IDR 408 versus IDR 50 (-88%).
Sun Hung Kai Properties
0016.HK · HKD · Real Estate
+35%
upside to fair value
undervalued
PriceHK$109
Fair ValueHK$148
Quality69/100
PT Minahasa Membangun Hebat Tbk
HBAT.JK · IDR · Real Estate
-88%
upside to fair value
overvalued
PriceIDR 408
Fair ValueIDR 50
Quality46/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Sun Hung Kai PropertiesPT Minahasa Membangun Hebat Tbk
Valuation
14.8×P/E (TTM)n/a
3.42×P/S (TTM)n/a
0.51×P/Bn/a
13.4×EV/EBITDAn/a
0.91×PEGn/a
+35.5%Fair value upside−87.8%
3.5%Dividend yieldn/a
HK$3.78Dividend per sharen/a
Profitability
24%Operating margin12%
0.77×EBIT margin trend (5Y)0.27×
4%Return on equity2%
2%Return on assets2%
Growth
32%Revenue growth (YoY)-13%
0.8%Avg. growth/yr (3Y)-10.2%
-0.9%Avg. growth/yr (5Y)n/a
−2.8%Value creation/yr−38.5%
Balance & size
66.9×Interest coverage (EBIT/interest)n/a
0.16×Debt / equityn/a
$40BMarket cap$42M
weakGrowth qualityweak

Sun Hung Kai Properties leads: 5 to 0 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Sun Hung Kai Propertiesof which business quality 67 · market factors 51 PT Minahasa Membangun Hebat Tbkof which business quality 54 · market factors 40
ProfitabilityMargins and returns on capital today
32
29
Quality GrowthAre margins and returns improving?
38
6
CashflowEarnings quality: real cash, not paper profit
99
76
Fin. StrengthBalance sheet, leverage, solvency risk
64
100
InvestmentDisciplined investing over empire-building
96
0
Low VolatilityCalm price path (market factor)
70
0
MomentumPrice trend over the last 3–12 months (market factor)
41
46
52W MomentumDistance to the 52-week high (market factor)
45
76
Net IssuanceShare count: buybacks or dilution?
82
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySun Hung Kai PropertiesPrice HK$109PT Minahasa Membangun Hebat TbkPrice IDR 408
DCF Models+39%above the priceHK$152-85%below the priceIDR 62
Dividend Discount-51%below the priceHK$53.81n/a
Multiples+4%close to the priceHK$113-89%below the priceIDR 45
Asset-Based+31%above the priceHK$143-87%below the priceIDR 52
Growth DCF+27%above the priceHK$138-82%below the priceIDR 72
Economic Profit+40%above the priceHK$153-87%below the priceIDR 55
Minimum-51%below the priceHK$53.81-89%below the priceIDR 45
Maximum+40%above the priceHK$153-82%below the priceIDR 72
Median+29%above the priceHK$141-87%below the priceIDR 55
Geometric mean+9%close to the priceHK$119-86%below the priceIDR 56

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Sun Hung Kai Properties: 3 of 16 models see the stock below the current price.

PT Minahasa Membangun Hebat Tbk: 11 of 11 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Sun Hung Kai Properties
Price HK$109
Fair Value HK$148
Bear HK$95.71Bull HK$148
PT Minahasa Membangun Hebat Tbk
Price IDR 408
Fair Value IDR 50
Bear IDR 44Bull IDR 63

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Sun Hung Kai Properties · Real Estate

Quality score69 · Top 25%
Fair value upside+35% · above median

PT Minahasa Membangun Hebat Tbk · Real Estate

Quality score46 · below median
Fair value upside-88% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Sun Hung Kai Properties as the more attractively valued of the two: Sun Hung Kai Properties trades at HK$109 versus a fair value of HK$148 (+35%), while PT Minahasa Membangun Hebat Tbk trades at IDR 408 versus IDR 50 (-88%).

Sun Hung Kai Properties has the higher quality score (69/100).

Open Sun Hung Kai Properties live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.