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HK Developers Boom after Midday, w/ NWD Spiking 5%+; Max. LTV Ratio Adjusted for Residential Properties to 70%
Hong Kong's Chief Executive John Lee is delivering his latest Policy Address. He announced that the HKMA will adjust the maximum loan to value ratio for residential properties ...
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HK Developers Boom after Midday, w/ NWD Spiking 5%+; Max. LTV Ratio Adjusted for Residential Properties to 70%
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Hong Kong's Chief Executive John Lee is delivering his latest Policy Address. He announced that the HKMA will adjust the maximum loan to value ratio for residential properties to 70%, regardless of the value of the properties, whether the properties are for self-use or held by companies, and whether the purchasers are first time home buyers, while the maximum debt servicing ratio will be adjusted to 50%. The Policy Address also indicated that investment in residential properties is allowed provided that the transaction price of the residential property concerned is no less than $50 million, with the amount of real estate investment to be counted towards the total capital investment capped at $10 million.

Spurred by the news, HK property developers shot up after midday. NEW WORLD DEV (00017.HK)  -0.300 (-3.681%)    Short selling $14.55M; Ratio 43.922%   last reported at $8.5, up 5.46%, with 13.8686 million shares traded, involving $113 million. HENDERSON LAND (00012.HK)  -0.600 (-2.312%)    Short selling $5.18M; Ratio 24.359%   last printed at $26.35, up 4.77%, with $103 million traded. SHK PPT (00016.HK)  -3.200 (-3.712%)    Short selling $74.87M; Ratio 43.204%   last stood at $88.8, up 3.26%, on turnover of $191 million. CK ASSET (01113.HK)  -0.150 (-0.459%)    Short selling $13.83M; Ratio 16.953%   last posted at $33.75, up 2.58%, on volume of 2.5252 million shares, involving $83.7054 million. SINO LAND (00083.HK)  -0.130 (-1.641%)    Short selling $2.77M; Ratio 26.163%   last logged at $8.59, up 2.87%, with a turnover of $22.8904 million. KERRY PPT (00683.HK)  -0.080 (-0.474%)    Short selling $826.45K; Ratio 14.256%   was last at $16.7, up 3.21%.

Related NewsHSBC Research Ratings, TPs on Homebuilders (Table)
However, MTR CORPORATION (00066.HK)  -0.750 (-2.600%)    Short selling $16.33M; Ratio 36.943%   underperformed, with a current price of $29.3, down 1.35%, and turnover of $48.9245 million. Property agency, MIDLAND HOLDING (01200.HK)  -0.020 (-2.273%)   , last stood at $0.99, up 2.06%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-06 12:25.)

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