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Citi Keeps HSI Yr-end Target at 28,000, Expects HK Home Prices to Bottom Out After Mid-yr
Recommend 10 Positive 13 Negative 9 |
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Citibank held an investment briefings for 2025, and maintained its target for CSI 300 Index at 4,600 in mid-year and 4,900 by the end of the year. Citibank also kept its target for the HSI at 26,000 at mid-year and 28,000 at year-end, the same as the October 2024 forecast. For Hong Kong property, the broker said that residential prices in Hong Kong may bottom out after the middle of the year. Rising rental yield may start to generate investment demand, but it will take time for the negative yield situation to narrow. The relaxation of mortgage restrictions on non-self-use residential properties supported investment demand. In terms of exchange rates, Citibank expected the USD Index to be 108.24 in 3 months and 105.98 in the next 6-12 months. USD/CNY was also anticipated to be 7.7 in 3 months and 7.5 in the next 6-12 months. AAStocks Financial News |
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