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<Research>JPM Expects 1-mth HIBOR to Stay in 2-3% Range in Foreseeable Future, Favors SWIREPROPERTIES/ HANG LUNG PPT/ WHARF REIC/ LINK REIT/ HENDERSON LAND/ SINO LAND
Recommend 5 Positive 16 Negative 7 |
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The one-month HIBOR returned to over 2% this week after staying at a low level for 3 months, according to JPMorgan's research report. However, this may have been anticipated, and it is believed that HIBOR will likely remain in the range of 2-3% in the foreseeable future. JPMorgan believed that Hong Kong's real estate sector will remain resilient over the next month until the government releases its Policy Address, as the market is building expectations for new policies. Following the US interest rate cut, the sector may experience a short-term reprieve. However, the broker believed that the sector will continue to recover gradually. Among landlords, JPMorgan favored SWIREPROPERTIES (01972.HK), HANG LUNG PPT (00101.HK), WHARF REIC (01997.HK) and LINK REIT (00823.HK). Among developers, it liked HENDERSON LAND (00012.HK) and SINO LAND (00083.HK). AASTOCKS Financial News Website: www.aastocks.com |
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