Singapore Bank: Forecasts the Hang Seng Index's full-year target at 23,000 points, with the Hong Kong property market expected to record a low single-digit decline

Singapore banks forecast the Hang Seng Index's annual target at 23,000 points, with a conservative target of 18,500 points, expected to be reached in the first quarter. The Hong Kong property market is expected to record a low single-digit decline, while the Chinese property market is likely to hit bottom. U.S. inflation is expected to rise, with a spot gold target price of $2,900. Market uncertainty is increasing, with a focus on high-dividend stocks for defense in the first quarter. There is optimism for internet, automotive, home appliance, and banking stocks. It is expected that the central bank may cut interest rates, and the space for rate cuts by the Federal Reserve has been pressured since Trump's administration, with expectations of only one rate cut in the U.S. There is optimism for the U.S. and Asian stock markets, with an expected annual return of nearly 7%