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<Research>M Stanley Expects HK Home Prices/ Central Office Rents/ Retail Sales to Escalate This Yr, Prefers Residential Property Mkt
Recommend 7 Positive 9 Negative 2 |
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Morgan Stanley has issued a report upgrading its view on the Hong Kong real estate sector to "Attractive". It anticipates all three sub-sectors, namely local residential property prices, Central office rents, and local retail sales, to record positive YoY growth for the first time since 2018. Among the three sectors, Morgan Stanley is most optimistic about the residential property market, followed by office spaces and retail. In terms of stock selection, the broker advises increasing holdings in SHK PPT (00016.HK), HENDERSON LAND (00012.HK), CK ASSET (01113.HK), HANG LUNG PPT (00101.HK), and SWIREPROPERTIES (01972.HK), with target prices of HKD120, HKD36, HKD47, HKD10.7, and HKD23, respectively. AAStocks Financial News |
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