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<Research>HSBC Research Expects Homebuyers to Gradually Return, Prefers SHK PPT/ KERRY PPT
Recommend 9 Positive 15 Negative 4 |
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HSBC Global Research issued a research report projecting that the real estate and conglomerate sectors will continue to outperform the market due to the growing resiliency of Hong Kong's property market. The broker saw several growing positive factors in the sector- home buyers are gradually returning and establishing expectations that mortgage rates will trend down, while developers are adjusting sales strategies to improve profit margin. The sector may see higher earnings forecasts in the coming months on lower borrowing costs. Among many developers, HSBC Global Research believed that SHK PPT (00016.HK) is one of the few companies with good earnings visibility and dividend certainty, while KERRY PPT (00683.HK)'s earnings recovery may be supported by the sales performance of high-end residential projects in Hong Kong and Shanghai. The broker's ratings and target prices for Hong Kong homebuilders are listed below: Company｜ Rating｜ TP (HKD) SHK PPT (00016.HK)｜Buy｜109.6 KERRY PPT (00683.HK)｜Buy｜22.1 CK ASSET (01113.HK)｜Hold｜33 HENDERSON LAND (00012.HK)｜Hold｜24.6 AASTOCKS Financial News Website: www.aastocks.com |
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