Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Selects SHK PPT/ CK ASSET/ SWIREPROPERTIES as Top Picks; Middle East Conflict May Drive Capital & Talent Into HK, Boosting Demand for Residential & Office Properties
Recommend 2 Positive 2 Negative 2 |
||||
|
||||
|
Geopolitical instability in the Middle East may prompt investors to reassess their asset allocation, potentially driving capital rotation to "neutral" Asian financial centers such as Singapore and Hong Kong, Citi said in its research report. Given Singapore's enhanced anti-money laundering framework starting in 2024, China's relatively cautious stance on the conflict, and Hong Kong's lower tax rates, Hong Kong is believed to be in a favorable position to capture some of the inflowing capital. The influx of capital and talent into Hong Kong may boost demand for residential and office properties. Citi's top picks for property developers are SHK PPT (00016.HK), CK ASSET (01113.HK), SWIREPROPERTIES (01972.HK), and Hongkong Land. Its ratings and target prices for property developers are available in a separate table. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
