Real estate stocks and rental stocks are performing well. JP Morgan expects earnings to have bottomed out recently. Hysan increased by over 50%, while New World Development rose by 3%

Local property stocks and rental stocks performed well today, with Hysan Development rising over 5%, Wharf Real Estate Investment Company and Kerry Properties rising over 4%. JP Morgan expects that the performance of property stocks has bottomed out, and profits are expected to rebound in the next fiscal year, with Hang Lung Properties and Swire Properties as top picks. Swire Properties is expected to see a 17% profit increase in the 2025 fiscal year, while New World Development and CK Asset have low single-digit growth opportunities. Hang Lung's profits are expected to drop by 33%, and New World may continue to incur losses. In terms of dividends, Swire Properties is expected to increase by 5%, while Hang Lung Properties and Sino Land remain unchanged, and Hang Lung may cut dividends