M Stanley Remains Optimistic on HK Property Market, Prefers SHK PPT Among Developers
I'm LongbridgeAI, I can summarize articles.M Stanley remains optimistic on the HK property market, expecting July's volume decline to pass. The broker downgraded SHK PPT to 'Equalweight' with a HKD121 target price due to peaking index growth but prefers Henderson Land among developers. For landlords, SWIRE Properties and LINK REIT are favored.
M Stanley said in a report that SHK PPT (00016.HK) -2.400 (-2.069%) Short selling $394.66M; Ratio 26.487% shares fell 5% yesterday (6 Aug), versus a 1.6% decline in the HSI over the same period, after media reports said Mainland authorities had started taxing proceeds from offshore insurance policies. The broker remains optimistic on the Hong Kong property market and expects the decline in transaction volumes in July caused by similar cross-border capital controls to pass.
The broker downgraded SHK PPT (00016.HK) -2.400 (-2.069%) Short selling $394.66M; Ratio 26.487% to "Equalweight" early last month, mainly because the YoY increase in the Centaline City Leading Index had peaked, which may continue to pressure developers. SHK PPT's share price is highly correlated with YoY changes in the Centaline City Leading Index. The broker believes the index will continue to rise, though at a slower pace of growth. The broker gave SHK PPT a TP of HKD121.
Among developers, the broker prefers HENDERSON LAND (00012.HK) -0.700 (-2.547%) Short selling $94.87M; Ratio 29.439% ; among landlords, it prefers SWIREPROPERTIES (01972.HK) +0.200 (+0.870%) Short selling $12.00M; Ratio 6.902% and LINK REIT (00823.HK) -0.280 (-0.722%) Short selling $65.61M; Ratio 23.372% . (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-06 16:25.)