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<Research>UOB Kay Hian: Recent Pullback in Property Stocks Creates Buying Opportunities; Top Picks SHK PPT, LINK REIT
Recommend 8 Positive 15 Negative 18 |
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New outbound investment regulations by the Chinese government will curtail investment demand from mainland China but will not affect professionals working or living in Hong Kong, UOB Kay Hian opined in a report. Price momentum in the residential market remains strong, while retail sales recovery supports spot rent stabilization. The broker maintained an Equalweight rating on the Hong Kong property sector. It reiterated its forecast that residential prices will climb by 7% and raised its retail sales growth forecast from 2.5% to 5%. The recent pullback in property stocks has created buying opportunities. The broker’s top picks are SHK PPT (00016.HK) and LINK REIT (00823.HK), with target prices of HKD143.8 and HKD44.3, respectively, both rated Buy. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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