HSBC Global Research issued a research report projecting that the real estate and conglomerate sectors will continue to outperform the market due to the growing resiliency of Hong Kong's property market.

The broker saw several growing positive factors in the sector- home buyers are gradually returning and establishing expectations that mortgage rates will trend down, while developers are adjusting sales strategies to improve profit margin. The sector may see higher earnings forecasts in the coming months on lower borrowing costs.

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Among many developers, HSBC Global Research believed that SHK PPT (00016.HK)  +0.300 (+0.370%)    Short selling $45.49M; Ratio 31.641%   is one of the few companies with good earnings visibility and dividend certainty, while KERRY PPT (00683.HK)  +0.200 (+1.042%)    Short selling $7.13M; Ratio 24.417%   's earnings recovery may be supported by the sales performance of high-end residential projects in Hong Kong and Shanghai.

The broker's ratings and target prices for Hong Kong homebuilders are listed below:

Company｜ Rating｜ TP (HKD)
SHK PPT (00016.HK)  +0.300 (+0.370%)    Short selling $45.49M; Ratio 31.641%   ｜Buy｜109.6
KERRY PPT (00683.HK)  +0.200 (+1.042%)    Short selling $7.13M; Ratio 24.417%   ｜Buy｜22.1
CK ASSET (01113.HK)  +0.050 (+0.154%)    Short selling $42.62M; Ratio 25.539%   ｜Hold｜33
HENDERSON LAND (00012.HK)  -0.050 (-0.205%)    Short selling $32.74M; Ratio 39.882%   ｜Hold｜24.6
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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