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<Research>Citi: Positive Investor Sentiment Towards HK Property, Favors SHK PPT & HANG LUNG PPT
Recommend 14 Positive 23 Negative 7 |
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Citi’s research report indicated that, based on investor feedback, there is a positive sentiment towards Hong Kong real estate. By sector, investors’ pecking order is property developers > Central office > luxury retail; however, non- discretionary retail is disappointing. Citi said that investors are optimistic about Central office but have a more downbeat view on retail. They favor SHK PPT (00016.HK), Hongkong Land, HANG LUNG PPT (00101.HK), and SWIREPROPERTIES (01972.HK). There is a divided opinion on SINO LAND (00083.HK), HENDERSON LAND (00012.HK), and HYSAN DEV (00014.HK). Underweight targets include LINK REIT (00823.HK), WHARF REIC (01997.HK), and NEW WORLD DEV (00017.HK) (NDVLY.US). Limited discussed are CK ASSET (01113.HK), KERRY PPT (00683.HK), REGAL REIT (01881.HK), CHAMPION REIT (02778.HK), and WHARF HOLDINGS (00004.HK). For specific ratings and target prices, please refer to the separate table. AASTOCKS Financial News Website: www.aastocks.com |
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