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Top related persons:
Morgan Stanley - 1 Ronald Kamdem - 1 Stocks - 1 Morgan Stanley's - 1 Keppel REIT - 1 — CNBC's Michael Bloom - 1
Top related locs:
U.S Hong Kong Singapore Europe Hongkong Land
Top related orgs:
Income - 1 Vornado Realty - 1 Hongkong - 1 HK - 1

Search resuls for: "Hongkong Land"


2 mentions found


☆ Morgan Stanley reveals the 'top' property stocks to buy and short right now
  + stars: | 2023-07-28 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Morgan Stanley has named three stocks to buy and three to short as it revealed a cautious stance on the global office space sector. Reflecting that view, Morgan Stanley said shares of Office Properties Income Trust and Vornado Realty Trust face significant downside to the current share price. The Wall Street bank expects both stocks to decline by more than 35% over the next 12 months. Stocks to buy Morgan Stanley also identified stocks it said were undervalued, pricing in a significantly worse trading environment than is likely to be the case. Shares of all three property companies are also traded in the U.S. "HK has been pricing in one of the highest implied cap rates across the global office markets.
Persons: Morgan Stanley, Ronald Kamdem, Stocks, Morgan Stanley's, Keppel REIT, — CNBC's Michael Bloom Organizations: Income, Vornado Realty, Hongkong, HK Locations: U.S, Hong Kong, Singapore, Europe, Hongkong Land
☆ Hong Kong’s office landlords face a tough rebound
  + stars: | 2023-03-01 | by ( Thomas Shum | ) www.reuters.com   time to read: +3 min
HONG KONG, March 1 (Reuters Breakingviews) - Hong Kong offices are emptier than in other Asian financial centres. Singapore and Tokyo boast rates well under half of Hong Kong’s level, and figures there are either improving or roughly unchanged. Last year, mainland-based companies accounted for less than 6% of all leases in Hong Kong’s key Central business district, from nearly 30% in 2019. Hong Kong’s economy shrunk for three of the last four years, and its population is slimming too. However, the plan to reduce its office footprint may not apply to Hong Kong, a person familiar with the situation told Breakingviews.
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