Big line sings good property prices

Hong Kong stocks continued to consolidate at 30,000. The Hang Seng Index fell to 29,805 points in the fourth quarter yesterday. It fell 157 points or 0.5% yesterday and fell 324 points on the 4th. Earlier, the property market, HSBC, released a report yesterday. The property market in Hong Kong recovered faster than expected. Therefore, it is expected that property prices will fall by 5% to 10% this year, and it is predicted that this year will rise by 10% and then break, triggering more locals. Real estate stocks performed well against the market. Wharf Real Estate (1997) rose 2.3% and Hang Lung Properties (101) also rose 1.9%.

HSBC said that the property market turned optimistic mainly due to the end of the interest rate hike cycle, land supply reduction, bank mortgage policy, wealth effect and vacant tax. Even if property stocks rose 19% this year, the bank raised its price and second-hand property turnover forecast to This year’s increase of 31% and 15% is expected to boost real estate stocks. We are optimistic about Wheelock (020), Sun Hung Kai Properties (016) and Sino Land (083), and upgrade the Wharf Property Rating to “Buy”.

Questioning FIP’s sale of shares in Zhong Guoyu, Hong Kong Airlines shareholders’ disputes have been staged. It is reported that Zhong Guoyi, one of the directors of the company, sold the shares of the shareholders of Frontier Investment Partner (FIP) held on April 11 to the defendant and requested No transaction or agreement may be signed without the consent of all directors of Qantas, and the shares claimed to have been sold may not be disposed of.