The results season for Hong Kong homebuilders will commence at the end of January, JPMorgan released a research report saying. While the broker expected the earnings of most companies to continue declining and saw limited impact from the improvement in the Hong Kong residential market on FY2025 reports, it is believed that the upcoming results might be the trough for most companies, with a significant chance of earnings rebounding in the next fiscal year.Related NewsCICC Lists Potential 'Blue Chips' for HSI Semi-Annual Adjustment Forecast (Table)Therefore, JPMorgan upgraded NEW WORLD DEV (00017.HK) -0.150 (-1.567%) Short selling $11.93M; Ratio 13.346% to Neutral, as the market's biggest concerns have been largely reflected, and the upcoming results might show slight improvement.In terms of top picks, among landlords (shopping malls/office buildings), the broker favored HANG LUNG PPT (00101.HK) -0.180 (-1.915%) Short selling $8.03M; Ratio 9.891% and SWIREPROPERTIES (01972.HK) -0.260 (-1.113%) Short selling $5.55M; Ratio 10.825% . Among developers, JPMorgan preferred SINO LAND (00083.HK) -0.170 (-1.481%) Short selling $4.13M; Ratio 7.971% . The broker also optimistic about Hongkong Land, but suggested waiting for a better entry point. The latest ratings and target prices of the sector are listed in a separate table.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-01-23 16:25.)Related NewsJPM Names HANG LUNG PPT/ SWIREPROPERTIES/ SINO LAND as Top Picks; HK Developers' Results Bottom Out