Kenny Tang
Kenny Tang
average falling interest life market months past percent property rates rising six stocks
Property stocks sprang to life after falling about 10 percent on average over the past six months as rising interest rates dampened property market sentiment.
due expected further pressure property rise sales shares slow stocks technical year
The rise in property stocks was due to a technical rebound. These shares will come under further pressure as property sales are expected to slow in 2006 from a year earlier.
ahead buying earnings expect investors months property results shares six strong
Investors are buying property shares ahead of results. Most expect the results to be strong on the back of contributions from new (property) developments which should have contributed to earnings in the six months to December.
asset companies identify net property trading trying
They will be trying to identify companies that are trading at sizable discounts to their net asset value, and many of these will be property companies.
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The developer has benefited from a strong property market last year but the sales growth may slow down this year because of rising interest rates.
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Sentiment was seriously affected by news of an increase in China's lending rates. This pulled down the property sector both in Hong Kong and on the mainland and also affected H-shares and red chips across the board.
bank breach catalyst hope level next point results serve
Some hope the bank will serve as a catalyst for the index to breach the 16,000 point level when it announces results next Monday.
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While overall sentiment is positive and fund flow remains strong, the sharp rise in oil prices overnight and interest rate fears gave investors an excuse to sell.
bargain china funds hunting mobile seeing sensitive stocks switching
We're seeing some bargain hunting in China Mobile as some funds are switching from interest-rate sensitive stocks that have rallied to China shares.
further likely moves
Further consolidation in the index is likely before it moves any higher.
below face fall great land pressure selling
Henderson Land should face great selling pressure and could fall below HK$38.
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Henderson Investment's net asset value should be worth more than HK$20 and its units, Miramar Hotel and Hong Kong Ferry, still have room to develop.
china confidence prospects reflecting stocks
China stocks outperformed the market, reflecting investors' confidence in these stocks and the prospects of China's economy.
adjustment appetite financial foreign improving market phase prospect recent second underlying
While the underlying prospect of the mainland financial stocks' improving profitability and the appetite of foreign institutions over mainland's financial market remains, the recent slowdown is an adjustment for the second phase of growth.