MBWREIC@EC2608A

Citi Sees Positive Outlook on Hong Kong's High-End Consumption REITs, Upsgrades Nine Dragons and Hysan

Morgan Stanley: Hong Kong's October Retail Sales Exceed Expectations

Moody's Confirms Wharf Real Estate Investment's Rating at A2 with Stable Outlook

DBS Upgrades Hang Lung Properties' Stock Rating to Buy

UBS Maintains Neutral Rating for Wharf Holdings with Yearly Stock Price Increase

UBS Analyzes Potential Impact of Alibaba's Office Relocation on Times Square

Morgan Stanley Downgrades Cheung Kong's Earnings Forecast and Raises Target Price

Morgan Stanley Raises Earnings Forecast and Rating for Wharf REIT

DBS Upgrades Hang Seng Properties to Buy

Morgan Stanley Raises Cheung Kong Property Target Price

Wharf Revenues and Profits from Development Properties Plunge in First Half of 2025

WHARF REIC released FY2025 Q1 earnings on August 7, 2025 (BJT) with actual revenue of HKD 3.204 B and EPS of HKD -0.3962

Wharf Real Estate Half-Year Profit Marginally Down, Dividend Increased

Nine Dragon Properties Recorded a Net Loss of HKD 2.41B in First Half of 2025

WHARF REIC released FY2025 Semi-Annual earnings on August 7 Pre-Market (BJT), actual revenue HKD 6.407 B (forecast HKD 6.407 B), actual EPS HKD -0.7924 (forecast HKD 1.03)

WHARF REIC released FY2025 Q2 earnings on August 7 Pre-Market (BJT), actual revenue HKD 3.204 B, actual EPS HKD -0.395

WHARF REIC to Release FY2025 Semi-Annual Earnings on August 7, 2025 (BJT), Forecast Revenue HKD 6.462 B, EPS HKD 1.06

DBS Releases Analysis Report on K Wah Estate

Kwang Chi Properties Obtains AA ESG Rating from Huazheng Index

KO YO GROUP

GEOTECH HLDGS

CHINA INFO TECH

REDCO HEALTHY

AGTECH HOLDINGS

CH CITY INFRA

RMH HOLDINGS

MATRIX HOLDINGS

SOFTMEDX

PUTIAN COMM

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The Hong Kong stock ADR is expected to open 525 points higher on Monday, reporting at 26,939 points. The relative stock prices of multiple stocks and the premium situation of Hong Kong stocks to American Depositary Receipts are also listed, including CKH HOLDINGS, HSBC HOLDINGS, WHARF HOLDINGS, etc

AASTOCKS

WHARF REIC

WHARF HOLDINGS

HSBC HOLDINGS

CKH HOLDINGS

The Hong Kong stock ADR is expected to open 525 points higher on Monday, reporting at 26,939 points

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The report from the Research Department of Centaline Property shows that the CSI (Residential Price Index) latest reading is 70.24 points, an increase of 1.2 points from last week, marking seven consecutive weeks of growth, indicating a continued upward trend in property prices. Residential rents remain flat at 66.41 points, while retail shop prices and rents have risen to 42.42 points and 41.04 points, respectively. There are also signs of increases in industrial building prices and rents, with office building prices and rents rising to 37.78 points and 36.67 points, respectively, indicating an overall improvement in the market

MIRAMAR HOTEL

HENDERSON LAND

SHK PPT

In the "Hong Kong Property" report, the Centaline Property Agent Index CSI (Residential Selling Price) rose by 1.2 points weekly, marking seven consecutive weeks of increase

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Bank of America Securities released a research report listing the investment ratings and target prices for local real estate stocks and rental stocks. In terms of real estate stocks, SHK PPT is rated as Neutral, with the target price raised from HKD 113 to HKD 134; CK ASSET is rated as Buy, with the target price raised from HKD 49 to HKD 53; HENDERSON LAND is rated as Neutral, with the target price raised from HKD 31.7 to HKD 33.8; SINO LAND is rated as Buy, with the target price raised from HKD 12 to HKD 13.3; NEW WORLD DEV is rated as Underperform, with the target price raised from HKD 4.3 to HKD 4.8; WHARF HOLDINGS is rated as Neutral, with the target price raised from HKD 24.5 to HKD 28; KERRY PPT is rated as Buy, with the target price raised from HKD 24.7 to HKD 28. In terms of rental stocks, HYSAN DEV, WHARF REIC, SWIREPROPERTIES, and HANG LUNG PPT are all rated as Buy, with target prices raised to HKD 24.8, HKD 31, HKD 29, and HKD 11.5 respectively

NEW WORLD DEV

KERRY PPT

HANG LUNG PPT

CK ASSET

HENDERSON INV

HANG LUNG GROUP

SWIREPROPERTIES

TST PROPERTIES

HYSAN DEV

SINO LAND

"Major Banks" Bank of America Securities' investment ratings and target prices for Hong Kong real estate stocks and rental stocks (Table)

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The Hang Seng Index closed at 26,506 points, down 340 points or 1.3%; the Hang Seng Tech Index reported 5,304 points, down 62 points or 1.2%. Major stocks such as Tencent, Ping An, and Alibaba all fell, while YUM China, ZTO EXPRESS, Hang Lung Properties, and WHARF REIC reached new highs, rising 9.3%, 2.3%, 0.9%, and 0.4% respectively

ZTO EXPRESS-W

FI CSOP HSI

YUM CHINA

Hang Seng Index

Tianhong Hang Seng TECH ETF(QDII)

FL2 CSOP HSI

FI2CAMNDQ100

CAM HS TECH

YUM China

CSOP HS TECH

HSTECH ETF

The Half-Day Report: The Hang Seng Index fell by 340 points; the Hang Seng Tech Index dropped by 62 points. YUM China rose by over 9%. YUM China, ZTO EXPRESS-W, Henderson Land, and WHARF REIC reached new highs

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The Hong Kong stock ADR is expected to open 234 points lower this morning, at 26,613 points. The relative stock prices of several ADRs and the premium situation of Hong Kong stocks over ADRs are as follows: CKH Holdings HKD 64.224 (premium 1.68%), CLP Holdings HKD 74.834 (premium 0.16%), HK & CHINA GAS HKD 7.245 (premium 5.18%), WHARF REIC HKD 26.147 (premium 0.97%), HSBC HOLDINGS HKD 139.714 (premium -0.51%), POWER ASSETS HKD 60.552 (premium 1.73%), PCCW HKD 5.961 (premium 1.83%), HENDERSON LAND HKD 31.174 (premium 2.91%), SHK PPT HKD 122.822 (premium 0.63%), NEW WORLD DEV HKD 8.726 (premium 22.51%), SWIRE PACIFIC A HKD 77.584 (premium 1.05%), BANK OF E ASIA HKD 14.454 (premium 2.95%), GALAXY ENTERTAINMENT HKD 41.316 (premium 2.48%), HANG LUNG PPT HKD 9.352 (premium 0.41%), Geely Automobile HKD 19.084 (premium -16.58%), CITIC Limited HKD 12.72 (premium -2.99%), Cathay Pacific HKD 12.47 (premium 0.96%)

HK & CHINA GAS

POWER ASSETS

SWIRE PACIFIC B

Guotai CSI All Share Investment Banking & Brokerage ETF

CLP HOLDINGS

SWIRE PACIFIC A

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

SUN HUNG KAI CO

BANK OF E ASIA

The Hong Kong stock ADR is expected to open 234 points lower this morning, reporting at 26,613 points

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The Hang Seng Index closed at 26,847 points, up 12 points or 0.0%. The Hang Seng Tech Index reported 5,366 points, down 100 points or 1.8%. The total market turnover was HKD 285.433 billion. Tencent fell over 3%, while XINYI GLASS, TECHTRONIC IND, CHINA RES MIXC, WHARF REIC, and MTR CORPORATION reached new highs, with active trading

XINYI GLASS

Tencent Holdings Limited

Tencent

MTR CORPORATION

FI2 CSOP HSI

TECHTRONIC IND

TENCENT

CHINA RES MIXC

According to the "All-Day Express," the Hang Seng Index closed at 26,847 points, up 12 points; the Hang Seng Tech Index closed at 5,366 points, down 100 points. Tencent fell over 3%, while XINYI GLASS, TECHTRONIC IND, CHINA RES MIXC, WHARF REIC, and MTR CORPORATION reached new highs with active trading

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Midland Realty facilitated the sale of a three-bedroom unit in Sunrise City to Blue Sky for HKD 8.98 million, with a practical price per square foot of approximately HKD 11,973. The original owner purchased the unit in 2021 for about HKD 10.85 million and sold it after five years, incurring a loss of approximately HKD 1.87 million, with a loss rate of about 17%

ChinaAMC CSI All Share Real Estate ETF

Yinhua CSI Interior Real Estate Theme ETF

MIDLAND HOLDING

China Southern CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

"Port House" sells a three-bedroom unit in Sunrise Kowloon for HKD 8.98 million, holding the property for five years with a loss of approximately HKD 1.87 million

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The Hang Seng Index closed at 26,724 points, down 109 points or 0.4%; the Hang Seng Tech Index reported 5,347 points, down 119 points or 2.2%. Tencent fell over 3%, while major stocks such as Xiaomi, MEITUAN, and Alibaba also declined. Individual stocks like XINYI GLASS, TECHTRONIC IND, WHARF REIC, YANKUANG ENERGY, and CHINA EAST AIR reached new highs

MEITUAN

YANKUANG ENERGY

CHINA EAST AIR

The Half-Day Report: The Hang Seng Index closed at 26,724 points, down 109 points; the Hang Seng Tech Index closed at 5,347 points, down 119 points. Tencent fell over 3%, while Xinyi Glass, Techtronic Industries, Wharf REIC, Yankuang Energy, and China Eastern Airlines reached new highs

Central Plains Properties' West Kowloon Blue Sky branch facilitated the first transaction of the month, involving a unique unit on the 3rd high floor with a rooftop, with a usable area of 501 square feet, sold for HKD 8.5 million, equivalent to a price of HKD 16,966 per usable square foot. The original owner purchased the unit in 2008, holding it for nearly 18 years, realizing a profit of HKD 3.863 million, with the unit appreciating by 83%

The first transaction of this month for "Hong Kong Property" recorded a two-bedroom rooftop unit sold for HKD 8.5 million

The Hong Kong stock ADR is expected to open 400 points higher this morning, reporting at 27,176 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH HOLDINGS 61.48 (premium 0.03%), CLP HOLDINGS 74.135 (premium -0.65%), HK & CHINA GAS 7.656 (premium -4.39%), WHARF HOLDINGS 23.123 (premium 8.90%), HSBC HOLDINGS 139.989 (premium -3.78%), POWER ASSETS 62.964 (premium -3.68%), PCCW 5.578 (premium 5.41%), HANG LUNG PPT 30.701 (premium 0.65%), SHK PPT 120.928 (premium -0.52%), New World Development 10.234 (premium -2.09%), Swire Properties A 74.604 (premium -0.01%), Bank of East Asia 13.303 (premium 9.90%), GALAXY ENT 42.419 (premium -4.71%), HANG LUNG PPT 9.288 (premium -0.52%), Geely Automobile 19.081 (premium -16.93%), CITIC 12.718 (premium -4.07%), CATHAY PAC AIR 12.179 (premium 0.09%)

GALAXY ENT

CITIC

PCCW

CATHAY PAC AIR

The Hong Kong stock ADR is expected to open 400 points higher this morning, reporting at 27,176 points

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The Hong Kong stock ADR is expected to open 306 points lower this morning, at 27,520 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CK Hutchison Holdings HKD 65.684 (premium 0.94%), CLP Holdings HKD 74.343 (premium 0.28%), Hong Kong and China Gas HKD 7.125 (premium 3.86%), Wharf Real Estate Investment HKD 24.251 (premium 5.07%), HSBC Holdings HKD 135.736 (premium 1.30%), Power Assets Holdings HKD 60.847 (premium -0.32%), PCCW HKD 5.609 (premium 3.41%), Hang Seng Bank HKD 151.728 (premium 1.70%), Henderson Land Development HKD 30.58 (premium 2.42%), Sun Hung Kai Properties HKD 124.464 (premium 0.19%), New World Development HKD 8.971 (premium 15.59%), Swire Pacific A HKD 74.499 (premium 1.01%), Bank of East Asia HKD 13.284 (premium 11.19%), Galaxy Entertainment HKD 42.749 (premium -1.28%), Hang Lung Properties HKD 9.236 (premium 1.67%), Geely Automobile HKD 19.054 (premium -12.14%), CITIC Limited HKD 12.091 (premium 4.21%)

HK FERRY (HOLD)

TG SMART ENERGY

HANG SENG BANK

PCPD

HKT-SS

NWDS CHINA

The Hong Kong stock ADR is expected to open 306 points lower this morning, reporting at 27,520 points

CBRE expects Hong Kong residential property prices to rise by 3.3% in 2025, in line with expectations. The property market will continue to rise in 2026, with an expected increase of 3% to 5%. The stock market's rise over the past year has driven a wealth effect, leading buyers to actively enter the market, increasing transaction volume and stabilizing property prices. The price increase for lower-priced properties is 4.1%, benefiting from the government's stamp duty reduction policy. Developers are optimistic about the market outlook and are actively increasing their residential land reserves

CHINA OVERSEAS

CHINA RES LAND

LONGFOR GROUP

"Hong Kong Property" CBRE: Last year, Hong Kong property prices rose by 3.3%, in line with expectations. This year, it is estimated to continue rising by 3% to 5%

Citigroup released a research report assessing the investment ratings and target prices for Hong Kong property stocks. WHARF HOLDINGS was rated as sell, with a target price of HKD 18.3; HENDERSON LAND, HYSAN DEV, SHK PPT, NEW WORLD DEV, and MTR CORPORATION received various buy or sell ratings, with target prices ranging from HKD 4.8 to HKD 105. Overall, several property stocks are viewed positively, while some are recommended for sale

Citigroup's investment ratings and target prices for Hong Kong real estate stocks (Table)

MBWREIC@EC2608A(23990.HK)

The Hong Kong stock ADR is expected to open 525 points higher on Monday, reporting at 26,939 points

In the "Hong Kong Property" report, the Centaline Property Agent Index CSI (Residential Selling Price) rose by 1.2 points weekly, marking seven consecutive weeks of increase

"Major Banks" Bank of America Securities' investment ratings and target prices for Hong Kong real estate stocks and rental stocks (Table)

The Half-Day Report: The Hang Seng Index fell by 340 points; the Hang Seng Tech Index dropped by 62 points. YUM China rose by over 9%. YUM China, ZTO EXPRESS-W, Henderson Land, and WHARF REIC reached new highs

The Hong Kong stock ADR is expected to open 234 points lower this morning, reporting at 26,613 points