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2026-02-11 11:04:47 Morgan Stanley, in its research report, said it remains constructive about the Hong Kong residential market, forecasting a 10% YoY upswing in home prices and a 5% rise in rents this year. However, it anticipated increased stock price volatility ahead of the earnings release season. The broker preferred SHK PPT (00016.HK), CK ASSET (01113.HK), and HENDERSON LAND (00012.HK), which were all rated Overweight, while avoiding WHARF HOLDINGS (00004.HK) and NEW WORLD DEV (00017.HK), which were rated Underweight. Morgan Stanley mentioned a recent discussion with Joseph Tsang, Chairman of JLL in Hong Kong, who noted that strong purchasing power from mainland buyers is expected to lead to a 5% uptick in home prices this year after bottoming out last year, with this upcycle likely to persist for several years. He further stated that interest rate cuts and favorable capital market performance may provide additional upward momentum for the property market, though geopolitical risks and macro uncertainties could pose downward pressure. Meanwhile, developers are becoming more active in land market and are raising the average prices of new development projects. ~ AASTOCKS Financial News Website: www.aastocks.com | |