Daiwa Research said it sees the Stock Connect as a powerful new catalyst, creating new office demand for Hong Kong's office market, and it reiterates its Positive sector rating and still prefer the property investors over the developers.
The research house believes the scheme will see Hong Kong's role expand from being a gateway to China into being an important partner in the Mainland's financial reforms. It expects the Hong Kong office market to evolve into a multi-clustered and multi-layered structure, with Central and various other submarkets each playing different roles.
Daiwa believes the office segment is the strongest among the three property asset classes in Hong Kong, and it think the best way to play this segment is through Swire Properties (01972) and Hysan Development (00014) whose Buy ratings it reiterates.
etnet榮獲HKEX Awards 2023 「最佳表現證券數據供應商」大獎► 了解詳情
