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Kerry Properties Announces Change in Share Registrar
'Property Market to Pick up Next Year'
Morgan Stanley's investment ratings and Target Price for real estate stocks (table).
Morgan Stanley released a research report, listing the latest investment ratings and target prices for Hong Kong Property Stocks and REITs as follows: Stock | Investment Rating | Target Price (HKD) SHK PPT (00016.HK) | Shareholding | 102 HKD -> 92 HKD CK ASSET (01113.HK) | In Line with Market | 38 HKD -> 36 HKD NEW WORLD DEV (00017.HK) | Shareholding | 9 HKD -> 6.5 HKD SINO LAND (00083.HK) | Shareholding | 10 HKD -> 9 HKD KERRY PPT (00683
"The big companies", Morgan Stanley predicts that next year, property prices in Hong Kong will remain stable, while office and retail rents will drop by another 5%. The Target Price for property and House Rental Companies is generally lowered.
Morgan Stanley released a report predicting that in the first half of next year, property prices in Hong Kong will fall by another 5% and turn positive in the second half, resulting in flat property prices for the year (previously forecasted to fall 5%). Office and retail rents are expected to decline by an additional 5%. Although there is valuation support, the bank believes that the performance of real estate stocks continues to be poor, and generally lowers its target prices for real estate and House Rental Companies, focusing on the sustainability of dividends. They also added two new stocks with a "sell" rating and downgraded WHARF REIC (01997.HK) from "Shareholding" to "Shareholding," reducing the target price from 28 to 20 Hong Kong dollars, and downgraded Hysan Development (00014.HK) from "in line with the market" to "
Hysan-Chinachem JV, Vanke Hong Kong, Kerry Launch Projects
Market Chatter: One-Sixth of Hongkongers Plan Home Purchases in Next Five Years, HSBC Survey Says
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