Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00017 NEW WORLD DEV
RTNominal down8.260 -0.050 (-0.602%)
Research Report

07/05/2020 17:42

{I-bank focus}Morgan revises 2020 home price outlook to +5%

[ET Net News Agency, 7 May 2020] Morgan Stanley revised its 2020 HK residential price
outlook to +5% (previously 5-10%). It noted that the COVID-19 outbreak has resulted in a
significantly lower GDP and a 10-year high jobless rate. These are generally negative for
residential prices.
However, due to several distinctive characteristics of this market, the research house
remains bullish on residential prices as well as stocks exposed to this segment.
Morgan expects new launches to resume in the next couple of months and to be met by
pent-up demand. Structurally, it believes residential prices may remain strong for longer.
Morgan prefers Sun Hung Kai Properties (00016) and New World Development (00017) among
its coverage due to their high trailing dividend yield (4.8% and 5.7%, respectively),
which Morgan believes is sustainable, given recurring income (non-development business)
can support the dividend. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.