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<Research>M Stanley Now Predicts HK Residential Property Price to Grow 12% This Yr, Upgrades HENDERSON LAND & LINK REIT to Overweight
Recommend 22 Positive 38 Negative 13 |
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Hong Kong's residential property prices have cumulatively risen by 7.7% this year, according to a Morgan Stanley research report. The broker has raised its residential property price growth forecast for this year from the original 10% to 12%, and expects a further 5% rise in 2027. Morgan Stanley based the adjustment on the belief that Hong Kong's residential market has entered a new upcycle supported by favorable demand and supply fundamentals, as well as capital and talent inflows from the Middle East and Mainland China. The broker prefers developers with potential for EPS and DPS expansion as development property margins bottom out, as well as landlords actively pursuing capital recycling and delivering sustained increases in return on equity. Its industry top picks are CK ASSET (01113.HK), HENDERSON LAND (00012.HK), SHK PPT (00016.HK), Hongkong Land, and SWIREPROPERTIES (01972.HK), all rated Overweight. Stock│Investment Rating│Target Price HENDERSON LAND (00012.HK)│Equalweight → Overweight│HKD33 → HKD37 LINK REIT (00823.HK)│Equalweight → Overweight│HKD37 → HKD44 SWIREPROPERTIES (01972.HK)│Overweight│HKD26 → HKD29 Hongkong Land (HKLD.SI) | Overweight | USD7.6 → USD9 Auto-translated by AI AASTOCKS Financial News |
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