Report
Phillip Zhong
EUR 101.80 For Business Accounts Only

Developer Stocks not Likely to Be Affected by New Prudential Measures

The Hong Kong Monetary Authority announced its eighth round of prudential measures targeting mortgage lending. Two of the measures will directly impact borrowers’ ability to finance property purchases, affecting about 20% of the borrowers. The impact will be mostly felt in the secondary market where bank mortgages are the main source of funding. The impact on the primary market is less certain as borrowers are increasingly relying on developer financing. Fundamentally, we believe these demand-si...
Underlying
Sun Hung Kai Properties Limited

Sun Hung Kai Properties is an investment holding company, engaged in the development of and investment in properties for sale and rent, hotel operation, telecommunications, transportation, infrastructure and logistics. Co.'s segments include Property development for sale, Property investment for rental, Hotel operation, Telecommunications, Transport infrastructure and logistics, and other businesses. Co.s' property development for sale focuses on land acquisition, project planning, material sourcing, construction and project management. Co.'s property investment for rent focuses on built, leased and managed a range of commercial projects in both core and decentralized areas.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Phillip Zhong

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