Property stocks to get a lift; firms expected to gain on renewed land sales
Article Abstract:
Hong Kong's property market share prices are expected to increase as the government starts to sell land to real estate developers. The planned auction has already prompted investors to push stock prices higher with the Hang Seng Index rising by 528.07 points to 12490.30 on Friday, Apr 16, 1999. The auction has also generated eagerness among large property developers in Hong Kong to participate in bolstering confidence in the real estate market and to show that it has already bottomed out.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Amid a slump, 2 Philippine developers capture interest
Article Abstract:
Financial analysts believe that Ayala Land and SM Prime Holdings, both of which are based in the Philippines, would sustain their posts as some of the most established stock investors in Southeast Asia. Despite the recent stock market turmoil, SM Prime and Ayala Land recorded 21% and 5% net profit increases in 1997, respectively. Volatile interest rates and incompetent preselling markets have caused Philippine stock prices to drop by 36% in 1997.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Market observers hope for Hopewell change of heart
Article Abstract:
Hopewell Holdings Ltd. of Hong Kong should pull out of its problematic Thai rail project and focus on more profitable ventures, according to analysts. Hopewell should concentrate on ventures that would raise its share value. The company has invested about $500 million in the 60-kilometer Thai railway venture, which is expected to cost $3.7 billion, up from a previous estimate of $3.2 billion.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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