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

MT NewswiresDec 19 17:51

'Property Market to Pick up Next Year'

RTHKDec 19 17:08

J.P. Morgan's investment ratings and Target Prices for Hong Kong real estate stocks and Banks (table).

JPMorgan published a research report, listing the investment ratings and Target Prices for local property stocks as follows: Stock | Investment Rating | Target Price (HKD) SHK PPT (00016.HK) | Neutral | 70 HKD CK ASSET (01113.HK) | Neutral | 32 HKD HANG CHI PROPERTY (00012.HK) | Shareholding | 25 HKD SINO LAND (00083.HK) | Shareholding | 10 HKD NEW WORLD DEV (00017.HK) | Shareholding | 5.6 HKD SWIREPROPERTIES (01972.HK) | Shareholding.

AASTOCKSDec 19 12:00

The first phase of the East Tung Chung Station project of MTR Corporation (00066.HK) has temporarily received two bids.

The first phase property development project at Tung Chung East Station (00066.HK) of MTR will close for bids today (18th) at 2 PM. As of 12 PM, two bids have been received on site. The project was tendered at the end of last year but ended in "zero bids," and has been reintroduced to the market after being subdivided this year. The Tung Chung East Station project is located opposite the under-construction Tung Chung East Station. MTR is now "subdividing" the project for phased development and reintroducing it. Previously, several developers submitted letters of intent, including New World Development (00016.HK), Henderson Land Development (00012.HK), Wheelock Properties, Junefield Development, Kin Hoi Realty, and FE CONSORT INTL.

AASTOCKSDec 18 12:03

Morgan Stanley: It is expected that Hong Kong Residence prices will decline by 5% in 2025, and the property market may stabilize and reach the bottom.

Looking ahead to 2025, there will still be some downward space in the Hong Kong property market, but signs of a bottoming out seem to have emerged. The bank expects that office and retail rents will continue to decline by 5% in 2025, and retail sales are expected to fall by 5%.

Zhitong FinanceDec 13 14:04

Major banks rating丨Morgan Stanley: Expects Hong Kong property prices to decline by another 5% in the first half of next year, generally lowering the Target Price for real estate and House Rental Companies.

On December 13, Gelonghui reported that Morgan Stanley issued a report predicting that housing prices in Hong Kong will drop by another 5% in the first half of next year, and will turn positive in the second half, remaining flat for the entire year (previously predicted to drop by 5%). Office and retail rents are expected to decline by another 5%. Although there is valuation support, the bank believes that real estate stocks will continue to perform poorly, and has generally lowered the Target Price for real estate and House Rental Companies, focusing on the sustainability of dividends. The bank downgraded WHARF REIC's rating from 'Shareholding' to 'Shareholding', lowering the Target Price from 28 Hong Kong dollars to 20 Hong Kong dollars, and downgraded HYSAN DEV's rating from 'In line with the market' to 'Shareholding', lowering the Target Price from 14 Hong Kong dollars to 13 Hong Kong dollars.

Gelonghui FinanceDec 13 10:29 · Ratings