JP
Morgan mentioned in a report that the risks of Hong Kong property
market lie in the further slowdown of China's economy and the possible
increase of Hong Kong unemployment rate. The research house was bearish
towards retail rent-collecting stocks but continued to be positive
towards developers and office rent-collecting stocks. KERRY PPT
(00683.HK) +0.250 (+0.962%) Short selling $6.08M; Ratio 24.829% , WHEELOCK (00020.HK) +0.050 (+0.135%) Short selling $222.75K; Ratio 1.301% , Hongkong Land and HANG LUNG PPT (00101.HK) +0.050 (+0.213%) Short selling $4.90M; Ratio 3.257% were selected as Top Picks among local developers
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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