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Collateralized mortgaging: After the withdrawal of the spice, new Hong Kong people have become a new purchasing power, and it is expected that the price of Hong Kong's entire year will narrow down by 3% to 5%.
According to Cao Deming, the mortgage ratio of new Hong Kong residents has been consistently high, increasing from 18.6% in the first quarter of last year to 29.2% in the second quarter of this year.
CBRE Group: Weak momentum in commercial leases in the first half of the year, and vacancy rates will increase by 0.2 percentage points in the next quarter.
CBRE Group's "Market View of Hong Kong's Commercial Real Estate Market in the First Half of 2024" released today (8th) mentioned that the rental momentum of commercial premises in Hong Kong is weak in the first half of this year. One reason is that the rentable space has reduced and the uncertainty of consumption patterns has increased. The total sales value of the retail trade in the first five months of this year decreased by 6.1% compared with the same period last year. In terms of rental volume of commercial premises, the dining industry is still the main driving force for rental demand. The rental volume in the second quarter of this year reached 0.197 million square feet. Despite the slow rebound in the number of tourists and the slowdown in demand for watch and jewelry retailers and pharmacies, lower rents have driven fashion brands to enter the core area and expand. There are vacant commercial premises.
Dah Sing: Hong Kong real estate stocks have lower debt and can support dividends, but Cheung Kong (01113.HK) and Sun Hung Kai (00016.HK) may reduce dividends.
According to a report by Daiwa, the dividend yield of Hong Kong property stocks has increased significantly, making their valuation attractive. However, this is due to the deterioration of their fundamentals, downward valuation reassessment, and poor stock performance. The bank focuses on companies with dividend payments covered by recurring profits and investment property profits, believing that their dividends are sustainable. The report shows that the asset-liability ratio of Hong Kong property stocks is relatively low, indicating their ability to support dividends. Many of these companies have made significant contributions to property development profits, but their stability is not guaranteed, so the bank emphasizes the performance of recurring business and investment property. The bank believes that Cheung Kong Property Holdings (01113.HK) and Wharf Real Estate Investment Company (1997.
Credit Suisse has lowered New World Development's (00016.HK) target price to HKD 91 and reiterated its "buy" rating.
According to Credit Suisse's research report, it reiterated a "buy" rating for SHK PPT (00016.HK) and lowered the target price from HKD 94 to HKD 91. The bank believes the market's gross profit forecast for the company's fiscal year 2024 may be overly optimistic, but the recent decline in stock prices has already considered this point. Even if the company's dividend per share is lower than the market level, the forecasted dividend yield for fiscal year 2024 is expected to reach 5.6%, and may increase to 6.5% next year. The bank previously pointed out that most of SHK PPT's IP projects are expected to be completed in fiscal years 2025/2026, combined with the continuous improvement of contract sales, it is likely to significantly increase the company's cash flow and
The government will reclaim the Tai Lam Tunnel next year. It is rumored that the preliminary suggestion is to lower the private car toll to between HKD 30 and 45.
According to reports, the government has preliminarily proposed that after taking over the Tai Lam Tunnel next year, private car tolls will be reduced to about 30 to 45 yuan, while the reduction for commercial vehicles will be even greater.
Express News | The one-month Hong Kong dollar interest settlement rate announced by the Hong Kong Bankers Association on July 5 was 4.51208%, compared to 4.51280% on the previous trading day.