Express News | Jianyin International: Upgrading shk ppt to outperform large cap, with a target price of 90 Hong Kong dollars.
According to bocom intl, it is expected that the mainland housing market will stop declining and stabilize next year, with a moderate recovery for property companies. Property prices in Hong Kong and small buildings are projected to rise.
Bocom intl released a research report indicating that the overall sentiment for purchasing properties in the domestic real estate market is expected to continue its moderate recovery in 2025, with a recovery in the industry's fundamentals; a decrease in supply in the primary market will alleviate the pressure on developers to lower prices, and primary property prices are expected to stabilize at current levels. It is believed that next year, the transaction area is likely to increase by 15% year-on-year. The bank noted that the market is stabilizing, and if the sales trend in October continues until after the Lunar New Year next year, it will help more real estate companies to achieve financial and fundamental "stop decline and stabilize." The bank provided its preference ranking, starting with state-owned enterprises or developers with state-owned enterprise backgrounds that are not highly valued, followed by those with land in first and second-tier cities.
Home-price Growth Has 'Stalled,' Case-Shiller Says
CITIC Leung: Hong Kong property prices are expected to continue to fall by 5%, with the property market stabilizing in the second half of next year.
CICC International released a research report stating that Hong Kong property prices are expected to fall by another 5%, then hit bottom in the second half of next year, when mortgage rates should be significantly reduced to near net rental yield levels.
Large bank rating | Citigroup: It is expected that the real estate markets in mainland China and Hong Kong will stabilize by 2025, and china res land remains a top pick.
On November 26, Guilin Hui | Lyon released research reports stating that it is expected that the mainland and Hong Kong real estate markets will stabilize by 2025, with inventory repurchases and anticipation of the Federal Reserve's interest rate cuts in the first half of next year being key drivers for the property market to improve. Currently, mainland and Hong Kong housing prices are still expected to decline in the first half of next year, and prices are expected to stabilize in the second half of the year. Regarding the Hong Kong property market, Lyon believes that interest rate cuts are key to attracting investment demand back, with the current rental yield of about 3.5%, close to the actual mortgage rate of 3.625%, driving property prices to gradually rise. Lyon maintains a cautious view on Hong Kong residential developers, maintaining its stance on New World Development.
The investment ratings and target prices of major firms for real estate companies in china and Hong Kong (table).
Citi published a research report with investment ratings and target prices for real estate companies in mainland china and Hong Kong as follows: Stock | Investment Rating | Target Price (HKD) China Overseas Grand Oceans (00081.HK) | Outperform | 2.1 china res land (01109.HK) | Outperform | 30 Longfor (00960.HK) | Outperform | 11.6 Vanke (02202.HK) | Outperform | 8.9 -> 8.2 Sino Land (00016.HK) | Underperform | 70.5 -> 63.6 Cheung Kong (01113.HK) | Hold | 32.2