Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00173 K. WAH INT'L
RTNominal down1.790 -0.170 (-8.673%)
Research Report

21/06/2019 11:33

[I-bank focus]HK property to benefit from host of factors

[ET Net News Agency, 21 June 2019] Morgan Stanley now believes a Fed rate cut will come
as soon as July and remain at that level for the foreseeable future. Furthermore, the
market is now anticipating over three rate cuts. This should drive down HIBOR.
More important, this relieves pressure on the Prime rate and results in low effective
mortgage rates and affordability, said the research house.
Hence, Hong Kong physical property market sentiment may be reignited by upcoming primary
launches. Morgan has been highlighting that the successful launch of a major primary
project can help to "activate" pent-up demand and push prices higher.
It expects HK developers to launch smaller projects like NWD's (00017) 313-unit Atrium
House (Yuen Long) and SHKP's (00016) 495-unit Mount Regency Ph2 (Tuen Mun) first and
followed by major launches like Wheelock's (00020) 504-unit Grand Montara (TKO).
Morgan expects a total of 7,726 units available for launch in 2H.
It noted that Hang Seng Property Index and HK property stocks fell by 4% and 3% in the
first two weeks of May, respectively, while Hang Seng Index fell by 8%. Stocks have been
defensive due to high dividend yield, strong balance sheets and higher property prices.
Morgan said high dividend yielding companies with strong balance sheets are defensive in
this macro environment. (KL)

Remark: Real time quote last updated: 28/03/2024 17:53
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.