According to Citi's research report, China's support for consolidating Hong Kong's position as a financial center and safeguarding asset prices, fortified financial cooperation between Shanghai and Hong Kong, IPOs of A-share listed companies in Hong Kong, southbound capital inflows, active stock trading, and changes in HIBOR have prop up the restructuring of Hong Kong's real estate industry.

Predicting investors to continue clinging to high-yield stocks, Citi named Hongkong Land, LINK REIT (00823.HK)  -0.050 (-0.118%)    Short selling $35.97M; Ratio 11.397%   , SHK PPT (00016.HK)  -0.400 (-0.440%)    Short selling $51.65M; Ratio 13.606%   , and HENDERSON LAND (00012.HK)  -0.550 (-1.954%)    Short selling $70.81M; Ratio 33.945%   as its industry top picks. It also favored HENDERSON LAND's performance after 1H25.

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Regarding office spaces, new demand arose from business expansion or consolidation, with core assets in Central performing better than expected. Citi anticipated Hongkong Land, SHK PPT, and HANG LUNG PPT (00101.HK)  +0.030 (+0.399%)    Short selling $10.18M; Ratio 7.947%   to be among the beneficiaries.

Stock | Rating | Target Price (HKD)
WHARF HOLDINGS (00004.HK)  -0.100 (-0.424%)    Short selling $18.39M; Ratio 68.179%   | Sell | 18.8
HENDERSON LAND (00012.HK)  -0.550 (-1.954%)    Short selling $70.81M; Ratio 33.945%   | Buy | 25.6
HYSAN DEV (00014.HK)  +0.100 (+0.711%)    Short selling $610.06K; Ratio 3.307%   | Buy | 14
SHK PPT (00016.HK)  -0.400 (-0.440%)    Short selling $51.65M; Ratio 13.606%   | Buy | 88.8
NEW WORLD DEV (00017.HK)  -0.120 (-2.058%)    Short selling $54.35M; Ratio 19.536%   | Sell | 4
SINO LAND (00083.HK)  -0.030 (-0.353%)    Short selling $11.30M; Ratio 21.583%   | Buy | 9.3
HANG LUNG PPT (00101.HK)  +0.030 (+0.399%)    Short selling $10.18M; Ratio 7.947%   | Buy | 7.05
KERRY PPT (00683.HK)  -0.300 (-1.446%)    Short selling $7.72M; Ratio 13.308%   | Buy | 21.8
FORTUNE REIT (00778.HK)  0.000 (0.000%)    Short selling $1.13M; Ratio 6.612%   | Buy | 4.6
LINK REIT (00823.HK)  -0.050 (-0.118%)    Short selling $35.97M; Ratio 11.397%   | Buy | 47.25
CK ASSET (01113.HK)  +0.150 (+0.431%)    Short selling $20.28M; Ratio 16.835%   | Neutral | 35.5
SWIREPROPERTIES (01972.HK)  +0.140 (+0.716%)    Short selling $19.00M; Ratio 21.161%   | Buy | 19.35
WHARF REIC (01997.HK)  -0.200 (-0.889%)    Short selling $12.20M; Ratio 14.554%   | Buy | 25
CHAMPION REIT (02778.HK)  -0.050 (-2.294%)    Short selling $922.93K; Ratio 29.003%   | Sell | 1.42
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)