So, Hong Kong is not going down the drain after all. What a relief! At least that’s the latest reassessment of Stephen Roach, who is something of a big potato among the China commentariat. Some 16 months ago, the former Morgan Stanley, Asia boss seemed to have finally joined the “death of Hong Kong” brigade,…
Morgan Stanley analyst Praveen Choudhary downgraded Sino Land (SNLAY) to Equal Weight from Overweight with a price target of HK$8.60, down from HK$9, as the firm refreshed its ratings and preferences among its Hong Kong property coverage. Hong Kong property prices are down 30% since their peak five years ago and the firm sees several…
Hong Kong’s residential property segment is on the verge of a turnaround that could last between four and five years, with home prices likely to rise starting in the second half of the year, according to Morgan Stanley. The US investment bank said the first half of the year would end with prices down 2…
Hong Kong’s residential property market is poised for a recovery after enduring a seven-year downturn, according to Morgan Stanley. Home prices in the city are set to bottom out, driven by an influx of mainland Chinese buyers, improved capital markets and a recent plunge in interest rates, analysts led by Praveen Choudhary said in a…
Foshan Haitian Flavouring and Food Company, the largest listed condiment producer in mainland China, is seeking to raise up to HK$9.56 billion (US$1.22 billion) in Hong Kong, marking one of the city’s largest initial public offerings (IPOs) this year and giving a boost to its status as a world-leading fundraising hub. The company is offering…