CK Asset Holdings and its subsidiaries are engaged in the property development and investment; hotel and serviced suite operation; property and project management; and aircraft leasing business.
New World Development is an investment holding and property development and investment company. Along with its subsidiaries, Co. is principally engaged in property development and investment, contracting, provision of services (including property and facility management, transport and other services), infrastructure operations (including the operation of roads, power plants, water treatment, waste management plants, container handling, logistics and warehousing services), hotel operations, department store operations, telecommunications, media and technology and other strategic businesses.
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.
Wharf is an investment holding company. Co. operates in five segemnts: investment property, which includes property leasing operations consisting of retail, office and serviced apartments; development property, which encompasses activities relating to the acquisition, development, design, construction, sale and marketing of Co.'s trading properties; hotels, which includes hotel operations in the Asia Pacific region; logistics, which includes the container terminal operations in Hong Kong and Mainland China; and media and entertainment, which comprises pay television, internet and multimedia and other businesses and the telecommunication businesses.
A director at New World Development Co bought 500,000 shares at 10.966HKD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The n...
A director at Wharf(Holdings) sold after exercising options/sold 110,000 shares at 20.355HKD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under lis...
2019 ended with a modest 2.1% rise in home prices even as the CCL index fell 6.5% from the historical peak set in Jun 19. Meanwhile, new-home sales volume and sales value saw a respective 19.2% yoy increase and 8.7% yoy decline in 2019. In 2020, we will continue to see farmland owners benefit from the government’s push for higher home ownership and a persistent undersupply of homes, and overall expect home prices to trend sideways with some fluctuation. Maintain MARKET WEIGHT with NWD and SHKP as key BUYs.
Our analysis of the global oil & gas sector and the global rig market indicates that while there have been some positive developments, a new rig-building upcycle is some years away due to the excess supply of such assets. Given recent order wins, we see the offshore wind sector presenting opportunities while the EV sector does not yet present a threat to oil demand. We upgrade SMM to HOLD and maintain MARKET WEIGHT on the sector. KEP remains our top pick.
China’s M1 and M2 growth surprised on the upside, rising to 4.4% yoy and 8.7% yoy respectively, which may have been driven by the Rmb710b liquidity injection by the PBOC in Dec 19. However, the strength was not reflected in credit growth which saw growth in outstanding bank loans tumble to the lowest in over 17 years, at 12.3% yoy. In spite of the RRR cut in Jan 20, we expect loan growth to stay muted but special bond issuances should be a slight impetus to TSF growth.
Macau stocks have reacted more to macro-economic indicators, US-China trade deal progress, but less to (often negative) GGR data. Unfortunately, both macro forecasts and pro-Macau policies do not suggest operational recovery in 2020. We expect the share price rally to run out of steam, especially since the recent signing of the Phase 1 trade deal has been widely expected, while the expected GGR recovery will be a long-drawn affair. Maintain MARKET WEIGHT.
A lengthy retail downcycle is expected due to the ongoing unrest in Hong Kong and declining mainland visitor arrivals. Office rents are on a downtrend after peaking in May 19, dragged by growing vacancy rates and also office supply which had reached a 10- year high in 2019. The sluggish Hong Kong GDP outlook would further dampen office demand with prospective tenants holding up their expansion plans amid the uncertainties. Maintain MARKET WEIGHT.
GREATER CHINA Economics Trade: Dec 19: Helped by a low base and an early Lunar New Year. Sector IT Hardware: Handset Components: 5G will be the key theme for 2020. REITs & Landlords: 2020 outlook: Prefer exposure to the resilient non-discretionary segment. Update Anta Sports (2020 HK/BUY/HK$75.45/Target: HK$82.00): CB issuance a win for both Anta and equity shareholders. MALAYSIA Update Astro Malaysia (ASTRO MK/HOLD/RM1.24/Target: RM1.35): The stock still lacks re-rating catalysts despite management’s efforts to defend revenue and minimise costs. SINGAPORE Update Singapore Telecommunicatio...
KEY HIGHLIGHTS Economics Trade Dec 19: Helped by a low base and an early Lunar New Year. Sector IT Hardware Handset Components: 5G will be the key theme for 2020. REITs & Landlords 2020 outlook: Prefer exposure to the resilient non-discretionary segment. Update Anta Sports (2020 HK/BUY/HK$75.45/Target: HK$82.00) CB issuance a win for both Anta and equity shareholders. TRADERS’ CORNER BJ Enterprises Water (371 HK): Trading Buy Range CMS (867 HK): Trading Buy Range
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