JPMorgan Adjusts Ratings for Real Estate Stocks Amid Middle East Conflict Concerns
JPMorgan has released a report indicating that real estate stocks have performed better than expected. According to Ming Pao, the outlook for the second quarter of 2026 suggests that these stocks may not remain unaffected by the macroeconomic uncertainties triggered by the recent Middle East conflict. The primary risks include potential interest rate hikes, followed by recession concerns. As a result, JPMorgan has downgraded Henderson Land Development (0012) and Wharf Real Estate Investment Company (1997) to 'neutral,' while upgrading CK Asset Holdings (1113) to 'overweight.'
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