--- title: "Bank of America Securities: Raises target prices for Hong Kong real estate stocks by an average of 12% due to valuation recovery, recommending WHARF REIC and HYSAN DEV" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/245215310.md" description: "Bank of America Securities raised the target price for Hong Kong real estate stocks by an average of 12%, believing that the sharp decline in Hong Kong interbank offered rates has triggered a valuation recovery. Despite improvements in fundamentals, the trend of asset prices may remain unchanged, with a forecast that Hong Kong residential property prices will drop by 3-5% in 2025. Bank of America prefers Henderson Land Development, recommending Wharf REIC and HYSAN DEV" datetime: "2025-06-19T05:46:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/245215310.md) - [en](https://longbridge.com/en/news/245215310.md) - [zh-HK](https://longbridge.com/zh-HK/news/245215310.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/245215310.md) | [English](https://longbridge.com/en/news/245215310.md) # Bank of America Securities: Raises target prices for Hong Kong real estate stocks by an average of 12% due to valuation recovery, recommending WHARF REIC and HYSAN DEV According to the Zhitong Finance APP, Bank of America Securities has released a research report stating that it has raised the target price for Hong Kong real estate stocks, with an average increase of 12%. The bank pointed out that the sharp decline in the Hong Kong Interbank Offered Rate (HIBOR) is effectively equivalent to a rate cut, which has triggered a round of valuation recovery in the Hong Kong real estate sector. However, the bank believes that the improvement in fundamentals may not be sufficient to change the direction of asset prices (Bank of America has not made significant changes to its forecast for the physical property market). Bank of America still predicts that Hong Kong residential property prices will fall by 3-5% for the entire year of 2025 (having already fallen by 1.5% so far this year), while retail and office spaces are stabilizing, with rents expected to drop by a maximum of 5% for the year, and renewal rents may still be negative. The decline in office rents may slow down, but high vacancy rate pressures remain. The report indicated that as most Hong Kong real estate stocks' prices approach the peak in September 2024, the Hong Kong dollar against the US dollar is trading close to the weak end of its fluctuation range (which may lead to a rebound in HIBOR), new catalysts are needed to maintain outperformance. Additionally, Bank of America Securities has observed an increase in interest from mainland investors, driven by the pursuit of returns, which may ultimately become the factor needed for the industry to break out of its trading range. Bank of America has raised its target price by an average of 12%, due to a 7% increase in the valuation of net asset value per share (due to a decrease in capitalization rates) and a narrowing of the discount of the target price relative to net asset value per share (based on stable property market fundamentals). Bank of America prefers Henderson Land Development (00012) among real estate development stocks and recommends Wharf Real Estate Investment Company (01997) and HYSAN DEV (00014) ### 相關股票 - [HYSAN DEV (00014.HK)](https://longbridge.com/zh-HK/quote/00014.HK.md) - [WHARF REIC (01997.HK)](https://longbridge.com/zh-HK/quote/01997.HK.md) - [Bank of America (BAC.US)](https://longbridge.com/zh-HK/quote/BAC.US.md) - [HENDERSON LAND (00012.HK)](https://longbridge.com/zh-HK/quote/00012.HK.md) ## 相關資訊與研究 - [Last minute ISA investing tips: Should you just 'buy British' if you are dithering](https://longbridge.com/zh-HK/news/281675696.md) - [Why smart investors are thinking long-term again](https://longbridge.com/zh-HK/news/281649805.md) - [A C-Suite executive at Pop Mart's biggest Chinese competitor explains what goes into making a hit toy like Labubu](https://longbridge.com/zh-HK/news/281606541.md) - [South Korean CEO Lee Seung-gun to sell home to help cover employees’ rent](https://longbridge.com/zh-HK/news/281699224.md) - [Saudi IPOs slow as listings drop to eight-year low](https://longbridge.com/zh-HK/news/281269797.md)