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<Research>M Stanley Expects SHK PPT, HENDERSON LAND to Benefit Most from Potential Housing Mkt Stimulus in Policy Address
Recommend 25 Positive 48 Negative 17 |
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Although the residential property and retail markets have been stabilizing, the general market is still anticipating that the new policy address to be announced on September 17 will unveil measures favorable to the housing market, Morgan Stanley said in its research report. The anticipated measures include further reductions in stamp duty for residential properties priced below HKD6 million, relaxation of requirements for the Capital Investment Entrant Scheme to stimulate luxury home investment demand, the establishment of "Property Connect", and acceleration of land reclamation and infrastructure development in the Northern Metropolis. In terms of the retail market, Morgan Stanley saw a slim possibility of the government launching stimulus measures. However, incentives such as consumption vouchers could typically boost retail sales, particularly benefiting LINK REIT (00823.HK)'s shopping malls. Overall, Morgan Stanley estimated SHK PPT (00016.HK) and HENDERSON LAND (00012.HK) to benefit the most from any housing market support policies. Both of them were given an Overweight rating. In contrast, the broker was less optimistic about WHARF HOLDINGS (00004.HK) and NEW WORLD DEV (00017.HK), citing challenges in the former's China business and liquidity constraints in the latter. Both of them were given an Underweight rating. AAStocks Financial News |
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