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<Research>JPM's HK Property Sector Top Picks LINK REIT/ SWIREPROPERTIES/ SINO LAND, Top Avoids NWD/ WHARF REIC
Recommend 20 Positive 44 Negative 18 |
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As most Hong Kong real estate companies and conglomerates will announce their results in the next six weeks, JPMorgan released a report predicting most companies to log a YoY decline in their earnings due to reduced property development profits and decreased rental income, particularly in office spaces and luxury retail. In addition, impairments will also pose downside risks for developers like SHK PPT (00016.HK), CK ASSET (01113.HK), and HENDERSON LAND (00012.HK). Regarding dividends, JPMorgan had the most certainty about SINO LAND (00083.HK) and SWIREPROPERTIES (01972.HK), while CK ASSET and WHARF REIC (01997.HK) may face downside risks if their EPS fall short of expectations. The broker's top picks in the Hong Kong real estate sector were LINK REIT (00823.HK), SWIREPROPERTIES, and SINO LAND, while the top avoids were NEW WORLD DEV (00017.HK) and WHARF REIC. AAStocks Financial News |
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