Thursday, December 3, 2015

Even Hong Kong Property Bears are Bullish on Real Estate Stocks




Even Hong Kong Property Bears are Bullish 

on Real Estate Stocks





These days, Jonas Kan divides his time between forecasting how far Hong Kong property prices will fall, and how much real estate stocks will rise.
While home prices are poised to fall as much as 10 percent by the middle of 2016, Kan reckons, publicly-traded shares have baked that in and more. The analyst at Daiwa Securities Group Inc.’s Hong Kong unit sees the stocks rallying at least 20 percent over the next year. With Sun Hung Kai Properties Ltd. and its peers all trading at valuations below the global average, Kan says as long as the property market cools rather than crashes, there’s plenty of room for stocks to rally.




read more at

http://www.bloomberg.com/news/articles/2015-11-25/even-hong-kong-property-bears-are-bullish-on-real-estate-stocks

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