Emperor Group series of stocks stretched downswing broadly this morning (July 2). EMPEROR INT'L (00163.HK)  -0.008 (-3.922%)   , which plummeted 11.8% on Monday (June 30), opened flat post-holiday but trended lower, bottoming at HKD0.196. It last stood at HKD0.2, down 4.76%, with turnover of HKD388,100.

EMPEROR WATCH&J (00887.HK)  +0.025 (+7.042%)   opened 1.1% higher but reversed down, slipping as much as 21.6% to bottom at HKD0.345. It last traded at HKD0.355, down 19.32%, with turnover of HKD34.088 million.

Related NewsUBS: EMPEROR INT'L (00163.HK) Loan Defaults Have Limited Impact on Property Mkt; Small & Medium-sized Developers Expected to Continue Pricing New Projects Aggressively
EMPEROR E HOTEL (00296.HK)  -0.010 (-3.774%)   last reported at HKD0.26, down 3.7%, with turnover of HKD270,800. EMPEROR CAPITAL (00717.HK)  -0.002 (-2.299%)   last stood at HKD0.087, down 3.33%, with turnover of HKD3.4708 million. EMPEROR CULTURE (00491.HK)  -0.001 (-2.857%)   last printed at HKD0.037, down 7.5%, with turnover of HKD126,000.

JPMorgan issued a report analyzing the potential ripple effects of EMPEROR INT'L’s approximately HKD16.6 billion in overdue loans. For Emperor alone, the broker estimated the negative impact on broker’s FY2025 earnings could be less than 3%. However, this is unlikely to be an isolated case, as the broker assumed most small and medium-sized property developers are facing liquidity pressures.
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