Property gains raise concern: amid uncertainties, investors fear risk
Article Abstract:
The property sector in the Hong Kong stock exchange is posting significant gains due to the decrease in interest rates, which has prompted many investors to review the profitability of property stocks. Realtors such as New World Development experienced a 128% increase in the price of its stocks while Sun Hung Kai Properties experienced a 108% increase in stock prices. The announced decrease in interest rates by the US Federal Reserve has revived the hopes of investors, hoping to see the dollar-pegged Hong Kong currency regain its former luster.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Colony managers are still averse to property stocks
Article Abstract:
Hong Kong investors are not enthusiastic about purchasing property stocks despite their already low price. Analysts foresee even lower prices in three months. The tendency of the public to speculate and wait until such a development occurs should explain the current situation. The fall in prices of both stocks and property values has been spurred by the increasing costs of borrowing for home construction because of rising interest rates.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Debt-to-equity doldrums weigh on shares in the sector
Article Abstract:
Hong Kong real estate stock prices are low enough to get a 'buy' recommendation from analysts but analysts warn that prices could yet plunge. Analysts predict that losses and debt to equity ratios of real estate companies to balloon further that investors should not buy these stocks even at their already discounted prices. Property stocks have already fallen 50% to 70% with further shocks expected from both rents and property prices.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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