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[Brokerage Focus] BOC International believes that the Fed's rate cut has already been reflected in the stock prices of Hong Kong property stocks. Bullish on trading after the rate cut, focusing on Link REIT (00823) and Henderson Land (00083).
King's Financial News | ICBC International issued research reports, believing that the Fed rate cut has been largely reflected in the prices of Hong Kong property stocks, expecting Hong Kong interest rates to not follow the rate cut before the end of this year, and that interest rates are just one of the factors affecting property stocks. The bank stated that due to Hong Kong not following the rate cut in the short term, it is expected that the sales volume of first-hand residences in Hong Kong will remain stagnant, leading to further adjustments in residential property prices. Currently, there is an oversupply in the property market, requiring a pause in land supply for a period of time. In addition, the sensitivity of major developers' rental business to interest rate cycles is lower than that to economic cycles, and it is estimated to take 1-2 years for recovery. The most direct benefit of the rate cut for developers is reduced interest expenses. The bank estimates
Hysan Development Alters Dividend Record Date
HYSAN DEVELOPMENT To Go Ex-Dividend On September 9th, 2024 With 0.06927 USD Dividend Per Share
Hysan Dev (00014) will distribute an interim dividend of HK$0.27 per share on September 20th.
Hysan Dev (00014) announced that it will distribute by September 20, 2024, for the period ending on June 30, 2024...
Hong Kong property stocks generally rose, with Wharf REIC (01997) up 3.48%. Institutions predict that Hong Kong residential property prices will rebound by 5% next year.
Golden Information | Hong Kong property stocks are generally rising, with Wharf REIC (01997) up 3.48%, Hysan Dev (00014) up 2.45%, SHK PPT (00016) up 2.17%, Henderson Land (00012) up 2.15%, and New World Dev (00017) up 2.12%. Morgan Stanley published a research report indicating that Hong Kong is in a unique position to benefit from lower interest rates in the U.S. and higher economic growth in China. Market expectations are that the U.S. will cut interest rates, which is a bullish factor for Hong Kong real estate developers. Currently, property developers' valuations are at historic lows.
Express News | Hysan Development H1 Adjusted Net Income HKD 2 Million
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