Standard
Chartered Bank tends to prefer rental stocks that have a bigger
proportion of suburban shopping malls as they are more defensive with
low base and continue to benefit from the asset improvement measures.
The bank recommended that investors should switch chips from urban
rental shares to suburban rental shares. HYSAN DEV (00014.HK) -0.150 (-0.409%) Short selling $12.87M; Ratio 38.922% 's
rating was downgraded to Lin-Line, with target price lowered by 15% to
$36.3 by the bank to reflect the high exposure of shopping malls to
urban area. Meanwhile, the bank lifted LINK REIT (00823.HK) +0.450 (+0.979%) Short selling $2.76M; Ratio 1.951% 's target price by 7% to $49.1; FORTUNE REIT (00778.HK) -0.060 (-0.844%) Short selling $612.61K; Ratio 5.687% 's target price was set at $7.62, with the Outperform rating unchanged.
HSI Opens Up 48 pts; HKEX Sees Continuous Support European and the U.S bourses traded in a narrow range, while Hang Seng Index slightly opened higher 48 pts or 0.2% to 23,533 this morning. Hang Seng China Enterprises Index opened up 25 pts or 0.3% to 9,981. CHINA MOBILE (00941.HK) -0.200 (-0.226%) Short selling $77.91M; Ratio 6.417% and HSBC HOLDINGS (00005.HK) -0.500 (-0.752%) Short selling $72.58M; Ratio 5.675% opened lower 0.3% and 0.5%. Shares in TENCENT (00700.HK) +1.200 (+0.588%) Short selling $155.98M; Ratio 4.780% and AIA (01299.HK) -0.300 (-0.628%) Short selling $171.73M; Ratio 14.838% ticked up 0.8% and 0.5%. The market widely anticipated the upcoming launch of "Bond Connect" and "ETF Connect", sending HKEX (00388.HK) +0.900 (+0.460%) Short selling $327.94M; Ratio 11.452% higher 0.3% to $196 after yesterday's rally of 4.7%. Chinese financial...
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