The rent-collecting shares have fallen by more than 20% in half a year

the retail market in Hong Kong encountered a cold front, which caused a chain effect, poor retail business, and also affected renting stocks

The stock price of related shares has fallen by 20% in the past six months, and brokers are betting on the prospect of renting stocks.

Morgan Stanley issued a report earlier that pointed out that in the face of the structural challenges of Hong Kong’s tourism and luxury retail market, it decided to lower the target price and profit forecast of three rent-receiving stocks

Hysan Development (00014), known as the “Landlord” of Causeway Bay, management announced early in August that economic and socio-political factors had brought about continuing challenges. Since July this year, the company’s stock price has fallen by 26%.

In addition, Wharf Real Estate (01997), which owns tourist booming areas such as Harbour City and Times Square, has a cumulative decline of more than 19%. Harbour City and Times Square saw a 30% drop in sales last quarter, underperforming the broad market.

As for Guanjun Industrial Trust (02778), its Langham Place shopping mall

which contributed 34% of the rental income in the first half of the year, is located in Mong Kok, which has been affected by the regulations many times. The stock price of Champion REIT has fallen by nearly 21% in the past six months.


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