UBS released a research report saying that its property team upgraded CK ASSET (01113.HK)  0.000 (0.000%)    Short selling $56.80M; Ratio 53.933%   from Neutral to Buy, citing it as the most undervalued among homebuilders under its coverage. The broker also removed CK ASSET and HANG SENG BANK (00011.HK)  0.000 (0.000%)    Short selling $38.11M; Ratio 22.741%   from its least preferred list.

HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $346.41M; Ratio 14.794%   proposed privatizing HANG SENG BANK, offering a price equivalent to 1H25 PB ratio of 1.8x, with a valuation premium of 30%.

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Due to increased provisioning expenses for Hong Kong commercial real estate (CRE) exposure and the persistent risk of net interest margin contraction brought by a potential rate cut cycle, UBS maintained a neutral stance on Hong Kong banks but an overweight position to Hong Kong developers, the report added.

UBS' latest most preferred companies include HENDERSON LAND (00012.HK)  0.000 (0.000%)    Short selling $37.10M; Ratio 38.258%   , SHK PPT (00016.HK)  0.000 (0.000%)    Short selling $82.54M; Ratio 40.716%   , LINK REIT (00823.HK)  0.000 (0.000%)    Short selling $76.50M; Ratio 24.987%   , WYNN MACAU (01128.HK)  0.000 (0.000%)    Short selling $6.16M; Ratio 12.917%   , GALAXY ENT (00027.HK)  0.000 (0.000%)    Short selling $34.60M; Ratio 19.707%   and CATHAY PAC AIR (00293.HK)  0.000 (0.000%)    Short selling $6.73M; Ratio 10.682%   , all rated at Buy. MTR CORPORATION (00066.HK)  0.000 (0.000%)    Short selling $16.94M; Ratio 20.960%   is the least preferred stock , with rating at Sell.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-22 16:25.)