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Hong Kong Property Stocks generally declined, with NEW WORLD DEV (00017) falling by 6.73%. Morgan Stanley expects that the Hong Kong Real Estate market will still face challenges next year.
Golden Business News | Hong Kong Property Stocks saw a general decline, with NEW WORLD DEV (00017) falling by 6.73%, HYSAN DEV (00014) down 2.32%, SWIRE PACIFIC A (00019) dropping 2.15%, HENDERSON LAND (00012) decreasing by 2.03%, CK ASSET (01113) down 1.58%, and SHK PPT (00016) falling by 1.06%. Morgan Stanley published a research report stating that there is no sign of improvement in the Hong Kong Real Estate market next year, which is expected to remain challenging, with interest rates maintained at a high level, adversely affecting the overall development of Hong Kong's property market. Although the valuations of local Real Estate stocks are relatively cheap.
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%.
Hysan-Chinachem JV, Vanke Hong Kong, Kerry Launch Projects
Ex-Alibaba CEO Named Hysan Development Director
hysan dev (00014.HK): Appointed Zhang Yong as an independent non-executive director.
On December 9, Gelonghui reported that hysan dev (00014.HK) announced the appointment of Zhang Yong as an independent non-executive director and a member of the Audit and Risk Management Committee, effective from December 9, 2024.
[Brokerage Focus] Morgan Stanley: Investors should consider the sustainability of dividends from Hong Kong property stocks.
Kingwo Financial News | Morgan Stanley analyzed the sustainability of dividends for hong kong property stocks in its research report, noting that the high dividend yield of hong kong property companies is primarily a reaction from the market to the deterioration of the industry's fundamentals, rather than a growth in dividends themselves. The report emphasizes that although some property companies are generous with their dividends, there are doubts whether their cash earnings can support this level of dividend payouts. In particular, the dividend payments of henderson land (00012), new world dev (00017), wharf real estate investment and hysan dev (00014) are not fully covered by the expected cash earnings in 2025, while ck asset (011...
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