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It is rumored that Sheng Bella (02508.HK) has been oversubscribed by 180 times in its public offering.
The postnatal care and recovery group Saint Bella (02508.HK) will be listed tomorrow (26th). According to market news, the public offering portion of Saint Bella in Hong Kong has been oversubscribed by about 180 times, and the international placement has also recorded more than 15 times oversubscription, attracting participation from long-term Funds, Medical Funds, Chinese public Funds, hedge Funds, and others. Saint Bella has introduced 7 cornerstone investors for this IPO, including GIMM, an investment company holding shares of 58.com, Huaxia Fund (Hong Kong), JKKB, Wu Qinan, CEO of New Wind Tianyu Group, SSMorgan, a healthcare investment company, and Hong Kong investment company Minrui.
Paul Chan Mo-po: The current level of the property market is tending towards stability. The determination to develop land remains unchanged, but there is no rush to sell it.
The Financial Secretary Paul Chan Mo-po stated in a media interview that interest rates are stable and tend to decline, with Inflow of funds to Hong Kong making the banking system very ample, and mortgage rates are also adjusted downward, describing the property market as stable at its current level.
In the "Harbor Building," Central and Western District Commercial Shops recorded 584 leasing transactions in May, setting a nearly two-year high.
According to statistics from Centaline (Commercial Properties), the commercial building market recorded 584 rental transactions in May, reaching a two-year high, and increasing approximately 25.32% month-on-month and 12.52% year-on-year; the floor area involved was about 1.754 million square feet, with monthly and yearly increases of approximately 58.22% and 42.96% respectively. Centaline (Commercial Properties) anticipates that, with a significant improvement in the vacancy rate of grade A offices, coupled with large rental transactions frequently recorded in core area grade A offices, this will lead to more businesses renting commercial buildings, and it is believed that the number of office rental transactions in June can continue to maintain a high level. Chen Yanlou, Director of the Office Department at Centaline (Commercial Properties), stated that in May.
Major bank ratings | Morgan Stanley: HIBOR is expected to gradually rise to 2 to 3%. The preferred Hong Kong property stocks are SWIREPROPERTIES, Link REIT, and HENDERSON LAND.
On June 20, Glory Exchange reported that JPMorgan indicated that lower HIBOR helps reduce financing costs, with a 1% decrease in HIBOR leading to a 12% reduction in interest expenses, which corresponds to an approximate 5% growth in profits. The bank expects HIBOR will not remain below 1% for a long time and may gradually rise to 2% to 3% under baseline scenarios, but will still be below the 4% level before May 2025. The bank recommended SWIREPROPERTIES, Link REIT, and HENDERSON LAND as top choices in Hong Kong real estate stocks, all offering over a 6% dividend yield, with solid fundamentals and income potential.
Zhongyuan: After the removal of restrictions in Hong Kong in February last year, there were 0.063 million private residential transactions, with Mandarin-speaking buyers accounting for a quarter.
The Hong Kong Special Administrative Region government completely removed the measures last February, attracting many mainland residents to come to Hong Kong for property purchases and residence.
The investment ratings and Target Price of Hong Kong property stocks by Bank of America Securities (table).
Bank of America Securities released a research report, listing the investment ratings and target prices for local real estate stocks as follows: Stock | Investment Rating | Target Price (HKD) CK ASSET (01113.HK) | Neutral | 32.5 HKD -> 37 HKD SHK PPT (00012.HK) | Buy | 26.7 HKD -> 30.4 HKD SINO LAND (00016.HK) | Neutral | 80 HKD -> 92 HKD NEW WORLD DEV (00017) | Neutral | 8.3 HKD -> 8.5 HKD
