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DBS Remains a Buy on Sun Hung Kai Properties (SUHJF)
Market Chatter: Wang On Properties Unveil New Flats Project
Central Plains Real Estate: Market Expects Fed Interest Rate Cut in September, Buyers Enter the Market on Dips Driving the Recovery of Hong Kong Property Market
After the Fed meeting on August 1, the market is expecting a rate cut in September. The atmosphere in the Hong Kong property market is positive, with buyers entering the market on dips and second-hand transactions picking up, and the sentiment of frontline brokers is stabilizing.
Surprisingly, these assets were the "winners" during the global stock market crash...
Some winners and losers during the global market crash on Monday.
The expectation of interest rate cuts from the external market has driven up the speculation on hong kong property stocks, while they are attempting to find a bottom.
Under the influence of the expectation that the US Federal Reserve may cut interest rates by 50 basis points in September, Hong Kong's bank and real estate stocks showed different trends, and the Hong Kong stock market fell on Monday. The financial and real estate sectors were respectively the worst and best performers. Hong Kong local real estate stocks, which are sensitive to interest rates, were sought after in anticipation of a 50-point rate cut by the Federal Reserve in September. The real estate classification index rose more than 1% against the market trend yesterday, and most of the real estate stocks formed a consolidation at a stage low. Yesterday, Jiulong Real Estate (01997) and Shanghai New World (00017) rose by 6.7% and 7.9% respectively during trading, while Henderson Land (00012) and Sun Hung Kai Properties (00016) also rose by more than 2%.
shk ppt (00016.HK) plans to hold a board of directors meeting on September 5 to approve the annual performance.
Shk ppt (00016.HK) announced on August 6 that the company will hold a board of directors meeting on Thursday, September 5, 2024 to approve the annual performance of the company and its subsidiaries for the fiscal year ending June 30, 2024 and its release, as well as to consider recommending the payment of final dividends.
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