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BEA: 2026 HSI Target at 30,800; HK Home Prices Expected to Rise by HSD
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BANK OF E ASIA (00023.HK) released its investment market outlook, setting the target level for the HSI at 30,800 for 2026, equivalent to a P/E ratio of 12.8x. The focus is on three major sectors: AI, emerging industries, and service consumption. The bank anticipated that the Federal Reserve may cut interest rates 3-4 times in 2026, totaling 75-100 bps. At the moment, the HKD prime rate has fallen to a trough level and will not be adjusted downward following the Fed's rate cuts. In contrast, there is still room for the HIBOR to decline. The bank forecast that the mainland China and Hong Kong economies will sustain their growth trend in 2026, with increment of approximately 4.8% and 2.5-3%, respectively. Additionally, it is expected that Hong Kong's private residential property prices will grow by high single digits YoY, backed by the Fed's restart of the rate-cutting cycle. AASTOCKS Financial News Website: www.aastocks.com |
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