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<Research>M Stanley Names CK ASSET as Industry Top Pick; CN Property Buyers Purchase 2.6K Units in HK in 2M26, Up 91%
Recommend 9 Positive 16 Negative 13 |
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Mainland China property buyers purchased 2,600 units in Hong Kong in 2M26, representing a YoY increase of 91%, according to a report from Morgan Stanley. The total transaction amount reached HKD28.2 billion, up 136% YoY. The broker attributed this to the strengthening RMB exchange rate, attractive rental yield, positive gross carry, and accelerated recovery in property prices. Upbeat about Hong Kong's residential market, Morgan Stanley selected CK ASSET (01113.HK) as its top pick with an Overweight rating. It also preferred SHK PPT (00016.HK) over HENDERSON LAND (00012.HK), giving them Overweight and Equalweight ratings, respectively. AAStocks Financial News |
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