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<Research>BofAS Continues to Expect 3-5% Drop in Secondary Property Prices This Yr, Likes HENDERSON LAND/ WHARF REIC/ HYSAN DEV
The sharp decline in HIBOR triggered a valuation repair for the Hong Kong real estate sector, but the fundamental boost may not be sufficient to change the direction of asset price...
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<Research>BofAS Continues to Expect 3-5% Drop in Secondary Property Prices This Yr, Likes HENDERSON LAND/ WHARF REIC/ HYSAN DEV
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The sharp decline in HIBOR triggered a valuation repair for the Hong Kong real estate sector, but the fundamental boost may not be sufficient to change the direction of asset prices, BofA Securities issued a research report saying.

If NEW WORLD DEV (00017.HK)  +0.190 (+3.926%)    Short selling $8.07M; Ratio 20.550%   successfully renews its syndicated loan, it could provide some relief, BofA Securities said. Furthermore, the rising interest of Chinese investors in a pursuit for yield could be the factor needed for the sector to ultimately break through the trading range.

Related NewsJPM: 34% of HK Homebuilders Classified as High-risk Names; HIBOR Expected to Gradually Rise to 2-3%
Due to a 7% increase in net asset value and a narrowing discount, the broker raised its industry target price by an average of 12%, and liked HENDERSON LAND (00012.HK)  +0.400 (+1.498%)    Short selling $110.03M; Ratio 36.481%   , WHARF REIC (01997.HK)  +0.400 (+1.878%)    Short selling $25.81M; Ratio 28.633%   and HYSAN DEV (00014.HK)  +0.060 (+0.441%)    Short selling $122.42K; Ratio 0.515%   .

BofA Securities maintained its forecast that Hong Kong's primary property transaction volume will rise by 6% to 18,000 this year, and continued to expect second-hand property prices to drop by 3-5% YoY.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-19 16:25.)

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