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<Research>UBS: Policy Address Positive to Developers; SHK PPT (00016.HK) Added into Top Pick List
Recommend 3 Positive 6 Negative 4 |
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The new Policy Address proposes to further relax the maximum loan-to-value ratio (LTV) for residential properties valued above $30 million to 70%, and to include investments in luxurious properties valued at more than $50 million in the New Capital Investment Entrant Scheme, UBS released a research report saying. The government's measures to encourage the conversion of hotels and commercial buildings into student dorms are believed to have a positive impact on the Hong Kong real estate market and developers. UBS added SHK PPT (00016.HK) into its top pick list, believing that SHK PPT is well-positioned for a recovery in the residential market, and can benefit from rising rents, population influx and the decline in mortgage rates. Therefore, the broker rated SHK PPT at Buy, with a target price of $102. AAStocks Financial News |
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