[ET Net News Agency, 19 July 2018] Daiwa Research highlighted six major themes in the
upcoming results of Hong Kong property companies. It believes that these themes would be
increasingly recognised by the market and this would have implications for Hong Kong
property stocks.
1. Office segment is performing well, especially in districts that are accepted as
alternatives to Central.
2. Retail segment has already turned the corner.
3. Residential property prices to continue to hold up, strong primary market; more land
conversion in due course.
4. Prime commercial properties in China are doing well.
5. HK property companies have increased acceptance for realising NAVs for non-core
assets.
6. HK property companies have become more willing to pay higher dividends and more
receptive to share buybacks.
Daiwa reiterated its "positive" sector stance, as it believes the sector offers a
potential value opportunity to investors, especially if companies continue to modernise in
terms of capital management. (KL)
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19/07/2018 15:05
[I-bank focus]Six themes seen in HK property firm results
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