Goldman Sachs: The average capitalization rate for commercial Real Estate in Hong Kong has risen to 5.7%. It maintains the "Buy" rating for Chow Tai Fook (01113) and SHK PPT (00016).

The report indicates that from the beginning of the year to now, the retail and office rental Index in Hong Kong have decreased by 4% and 5% respectively, and as of the end of October, the price Index has shown a double-digit decline.

Zhitong FinanceDec 20 15:42 · Ratings

Sun Hung Kai Properties (00016.HK) is applying for the redevelopment of 674 units at the Tsuen Wan Empire Hotel, expected to receive the 'green light' for approval.

In August of this year, the Tsuen Wan Imperial Hotel (00016.HK) submitted a new development proposal to the Town Planning Board to rebuild 674 residential units. The Planning Department has recently expressed no objections, and the project is scheduled for discussion today, likely to receive the green light. The Planning Department stated that the project consulted various relevant government departments, and no negative comments were raised. Moreover, the applicant conducted a technical assessment and concluded that the proposed development would not have negative impacts on air ventilation, Sewerage, Transportation, and the environment; therefore, the department does not oppose the application. According to the documents, the Tsuen Wan Imperial Hotel is located at 353 Qing Shan Road, Ting Kau, Tsuen Wan, and is currently classified as "Residence (Category B)."

AASTOCKSDec 20 10:46

Major banks' ratings丨Goldman Sachs: Maintains "Buy" ratings for CK ASSET and SHK PPT and a "Sell" rating for HENDERSON LAND.

On December 20th, GLOBE reported that Goldman Sachs maintained 'Buy' ratings for CK ASSET and SHK PPT, with target prices of HKD 92 and HKD 41 respectively; additionally, it maintained a 'Sell' rating for HENDERSON LAND, with a target price of HKD 19.5. The report indicated that as of the end of October, Hong Kong's retail and office rental index had cumulatively fallen by approximately 4% and 5% year-to-date, while prices dropped by double digits. According to the bank's estimates, the current mortgage interest rates for Hong Kong's retail and office properties have increased by approximately 0.4 and 0.8 percentage points compared to 2023, reaching 6.7% and 4.7% respectively. This has led to a decline in Hong Kong's commercial Real Estate market.

Gelonghui FinanceDec 20 10:33 · Ratings

Goldman Sachs maintains "Buy" ratings for Cheung Kong Holdings (01113.HK) and New World Development (00016.HK), and "Sell" ratings for Shanghai New World (00017.HK) and Henderson Land Development (00012.HK).

Goldman Sachs released a report stating that it maintains the 'Buy' rating for CK ASSET (01113.HK) and New World Development (00016.HK), with Target Prices of 92 HKD and 41 HKD respectively; it also maintains the 'Sell' rating for Shanghai New World (00017.HK) and Henderson Land Development (00012.HK), with Target Prices of 5.8 HKD and 19.5 HKD respectively. The report indicates that as of the end of October, the Hong Kong retail and office rental Indices have fallen by about 4% and 5% year-to-date, while prices have decreased by double digits. According to the bank's estimates, the current mortgage interest rate ceiling for Hong Kong retail and office is up by about 0.4 and 0 compared to 2023.

AASTOCKSDec 20 10:02

TRANSPORT INT'L (00062.HK) has entered into an insurance arrangement with SHK PPT for 2025/26.

On December 19, Gelonghui announced that TRANSPORT INT'L (00062.HK) signed an insurance arrangement for 2025/26 with a wholly-owned subsidiary of SHK PPT, SHK PPT Insurance, on December 19, 2024. According to this insurance arrangement, SHK PPT Insurance will provide insurance and related services to the group, and the policies signed under the 2025/26 insurance arrangement will take effect from January 1, 2025, to December 31, 2026.

Gelonghui FinanceDec 19 18:12

Market Chatter: MTR Gets Four Bids for Tung Chung East Station Project

MT NewswiresDec 19 17:51