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| HSI1 | 25,668.03 | 0.00 | -- |
| HSCEI1 | 8,531.58 | 0.00 | -- |
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2026-08-07 11:37:57 SHK PPT (00016.HK) shares slipped 5% yesterday (6th), vs a 1.6% shrinkage in the HSI over the same period, after media reports said Chinese authorities started taxing proceeds from offshore insurance policies, Morgan Stanley said in a report. The broker remained optimistic on the Hong Kong property market and expected the decline in transaction volumes in July caused by similar cross-border capital controls to pass. The broker downgraded SHK PPT to Equalweight early last month, mainly because the YoY increase in the Centaline City Leading (CCL) Index peaked, which may continue to pressure developers. SHK PPT's share price is highly correlated with YoY changes in the CCL Index. The broker believed the index will continue to rise, though at a slower pace of growth. The broker gave SHK PPT a TP of HKD121. Among developers, the broker preferred HENDERSON LAND (00012.HK); among landlords, it preferred SWIREPROPERTIES (01972.HK) and LINK REIT (00823.HK). ~ AASTOCKS Financial News Website: www.aastocks.com | |