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<Research>HSBC Research Optimistic About HK/ SG Property Mkts; Capital Flow/ Policy Support Key Drivers
Recommend 11 Positive 13 Negative 12 |
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HSBC Global Research issued a research report holding a positive attitude towards the real estate sectors in Hong Kong and Singapore, supported by structural favorable factors. The broker recommended five Buy-rated stocks, including SHK PPT (00016.HK), HENDERSON LAND (00012.HK) and SINO LAND (00083.HK) in the Hong Kong market, as well as City Developments (CIT) and UOL Group (UOL) in the Singapore market. Strong equity market performance provides a positive wealth effect for the property markets in both regions, with liquidity remaining abundant. The Hong Kong market is no longer directly competing with China's property market, as the Chinese market is still in an adjustment phase. This positions Hong Kong as a major beneficiary of the reallocation of China's capital. On the other hand, Singapore launched a SGD5 billion EQDP, a policy aimed at revitalizing the stock market, attracting local capital into the undervalued real estate sector, and injecting new vitality into the market. AASTOCKS Financial News Website: www.aastocks.com |
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