Jason Lee: Ppt stocks to range along with market trend, picks CHEUNG KONG (00001) on ppt sale - AASTOCKS.com

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Jason Lee: Ppt stocks to range along with market trend, picks CHEUNG KONG (00001) on ppt sale

2012-02-06 15:46:58

Property stocks have been trading mixed amid active second-hand home transactions. Jason Lee, Vice President of Tanrich Securities Co. Ltd. said property transactions in first and second hand market have turned positive post-Lunar New Year holiday as there is no surprising measure to cool property market in the Budget, which helped clear market uncertainty. Property developers account for a larger proportion in HSI constituents, therefore they will range along with broad market in near term. As for the property market, Lee believes that the sector is not performing worse, particularly CHEUNG KONG (00001) has a compelling earnings outlook as it is going to put more new properties on market, cashing in $30 bln.

(By an SFC licensed person) (y)

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