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Hong Kong Shares Rise, Tracking Wall Street Rebound -- Market Talk
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%.
Hong Kong property stocks mostly rise amid interest rate cut expectations, rekindling the atmosphere of real estate acquisition. The transaction volume of the top 10 estates in Hong Kong increased by eight percent on a week-to-week basis over the weekend.
Most hong kong property stocks rose. As of press time, wharf reic (01997) rose 5.36%, to HK$19.64; new world dev (00017) rose 5.2%, to HK$7.48.
Hong Kong property stocks have a strong upward trend. Wharf REIC (01997) rose 5.79%, and Central Plains Real Estate pointed out that expectations of a US interest rate cut next month have increased and rekindled the atmosphere of property investment.
Golden Finance News | Hong Kong property stocks show strong momentum, with Wharf REIC (01997) up 5.79%, New World Dev (00017) up 4.92%, Link Real Estate Investment Trust (00823) up 3.73%, SHK PPT (00016) up 3.41%, Hysan Dev (00014) up 2.48%, CK Asset (01113) up 2.17%. The latest data from Centaline Property shows that the trading volume of the top ten housing estates in Hong Kong increased by 83% compared to the previous week, reaching a new high in 14 weeks. Specifically, these top ten housing estates recorded a total of 11 transactions over the weekend. Centaline Property
New World Development Launches Tender Offer
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Federal Reserve: Rate cut in September is almost a foregone conclusion. It is expected that the trend of "leasing to buy" in the Hong Kong property market will increase.
Bruce Bu, the executive president of the Residential Department of Meilian Property, commented that the latest interest rate decision announced by the Federal Reserve was as expected by the market, and the interest rate has remained unchanged for 8 consecutive times.
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UBS Group: Hong Kong property stocks have attractive dividend yields, Henderson Land (00012) and Kerry PPT (00683) are preferred.
UBS Group expects that Hong Kong real estate companies with sustainable dividend payout ratios and attractive valuations will outperform the market.
Brokerage Focus: HSBC Research: Hong Kong property stocks show signs of recovery, with improved profit expectations for some companies.
Jingu News | HSBC Global Research Report stated that since July, the performance of Hong Kong property stocks has surpassed the overall market level, despite facing many challenges in the first half of the year. Although the industry is still facing economic headwinds and slower-than-expected recovery in the tourism industry, some companies in the industry have begun to show positive changes, mainly due to deleveraging measures and improved sales performance. As the industry gradually normalizes, the trend of reducing the dividend per share cycle is expected to end, making the industry more attractive to investors. HSBC expects that the profit of real estate developers may continue to decline, mainly due
Pinning Down New World Development Company Limited's (HKG:17) P/S Is Difficult Right Now
Open Source Securities: New World Development (00017) has both Hong Kong and mainland market layouts, with guaranteed profit space in the future. First, it is rated as a "buy".
Open Source Securities expects new world dev to have a net income attributable to shareholders of 1.08, 1.39, and 1.72 billion Hong Kong dollars for the fiscal years 2024-2026.
MLS: The demand for first-hand properties in Hong Kong remains strong, with expectations for the volume of first-hand transactions to double from June to July.
The new property market is expected to remain lively in the second half of the year, with first-hand transaction volume expected to double in July compared to June.
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Hong Kong property stocks are doing well. Wharf REIC (01997) rose 2.4%. The sector is short-term strong, but facing fundamental challenges.
Hong Kong property stocks rose in early trading, with Wharf Reic (01997) up 2.4%, Henderson Land (00012) up 2.45%, SHK PPT (00016) up 1.63%, New World Dev (00017), Hang Lung PPT (00101), Sino Land (00083) and others followed suit. The Tourism Board announced that the preliminary number of visitors to Hong Kong in June was 3.13 million, an increase of 14% from the same period last year. Cumulatively, there were about 21 million visitors to Hong Kong in the first half of this year, an increase of 64% compared to last year, with an average daily passenger volume of 0.116 million.
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