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<Research>JPM: Developers May See ST Profit-Taking if Policy Address' Supportive Measures Weaker-Than-Expected
Recommend 25 Positive 26 Negative 20 |
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The new Policy Address is set to be released on September 17. According to JPMorgan's research report, the market is anticipating potential relaxation of the new CIES, adjustments to stamp duties on residential properties, and the launch of the "Property Connect" scheme. JPMorgan, however, questioned whether the government would roll out all these measures at once. As the property market has already been showing signs of stabilization, developers may face short-term profit-taking after the Policy Address is announced if its policies turn out weaker than expected. Among developers, JPMorgan preferred HENDERSON LAND (00012.HK) and SINO LAND (00083.HK). For landlords, the broker recommended CMON (01792.HK) and LINK REIT (00823.HK) for more risk-averse investors. It also saw greater upside potential in HANG LUNG PPT (00101.HK) and WHARF REIC (01997.HK). AAStocks Financial News |
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