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<Research>Citi: Tariffs Negatively Impact HK Office & Retail Sectors, Indirectly Affect Residential Mkt
Recommend 8 Positive 9 Negative 11 |
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According to Citi's research report, tariffs have a negative impact on Hong Kong's office and retail sectors and indirectly affect the residential market. Citi opined that geopolitical risks and concerns over Hong Kong's involvement in US-China tensions may lead to corporate and capital migration. In the context of de-globalization and the search for new industries, Hong Kong needs to reconstruct its role as a "super-connector". The report also mentioned that the interest burden is crucial for commercial real estate with high vacancy rates and reduced demand leading to lower rents. The decline in the value of retail and office commercial real estate will negatively impact equity value and cause concern for banks. In addition, asset transaction lack liquidity due to higher risk premiums. Among Hong Kong developers, Citi was optimistic about SINO LAND (00083.HK), KERRY PPT (00683.HK), HENDERSON LAND (00012.HK), and SHK PPT (00016.HK). Their target prices were listed in a separate table. AAStocks Financial News |
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