智通财经APP获悉，里昂发布研报称，香港楼价出现复苏，部分新盘销售反应热烈，市场情绪乐观，推 动发展商股价年初至今亦上涨，预测楼价上升趋势将持续，但由于减息预期降温及香港按揭利率具韧 性，预期楼价升幅会较温和。而根据过往经验，当楼价增速减慢或市场情绪见顶时，地产股股价往往会 出现回调。 另外，有传万豪国际可能收购周大福企业旗下的瑰丽酒店集团(Rosewood Hotel Group)，里昂指出，瑰 丽酒店集团为新世界发展(00017)属姊妹公司，因此即使交易落实，认为周企也不会动用所得款项来偿 还新世界债务。里昂维持对2026年香港楼价增长5%的预测，首选股为希慎置业(00014)及领展房产基金 (00823)，均予"跑赢大市"评级。 该行指，新鸿基地产(00016)Sierra Sea第2A期次轮销售接获逾4.9万张票，超额认购超过214倍，该批单 位平均英尺价为约10,968港元，较去年4月及5月推售的1A期及1B期分别高出5.5%及3.1%，但升幅低于 同期市场的6.8%升幅，以及同系"天玺. 天第二期的29%升幅。 ...

另外，有传万豪国际可能收购周大福企业旗下的瑰丽酒店集团(Rosewood Hotel Group)，里昂指出，瑰 丽酒店集团为新世界发展(00017)属姊妹公司，因此即使交易落实，认为周企也不会动用所得款项来偿 还新世界债务。里昂维持对2026年香港楼价增长5%的预测，首选股为希慎置业(00014)及领展房产基金 (00823)，均予"跑赢大市"评级。 里昂发布研报称，香港楼价出现复苏，部分新盘销售反应热烈，市场情绪乐观，推动发展商股价年初至 今亦上涨，预测楼价上升趋势将持续，但由于减息预期降温及香港按揭利率具韧性，预期楼价升幅会较 温和。而根据过往经验，当楼价增速减慢或市场情绪见顶时，地产股股价往往会出现回调。 该行指，新鸿基地产(00016)Sierra Sea第2A期次轮销售接获逾4.9万张票，超额认购超过214倍，该批单 位平均英尺价为约10,968港元，较去年4月及5月推售的1A期及1B期分别高出5.5%及3.1%，但升幅低于 同期市场的6.8%升幅，以及同系"天玺.天第二期的29%升幅。 ...

观点网讯：1月18日，新鸿基旗下西沙SIERRA SEA第2A期次轮229伙单位沽清后，发展商紧急加推6号 价单，涉及155伙单位，实用面积297至700平方呎，扣除最高15%折扣后折实价370万元起，折实呎价 10698至15300元。同时项目将于周三推售218伙单位。 过往报道，1月16日，新鸿基地产旗下西沙SIERRA SEA第2A期次轮经核实共接获49257个购楼意向登 记，当中881张票为代理入票，以1月17日推售的229伙单位计算，超额认购逾214倍。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 ...

Group 1 - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 128.695, up 0.15% from the previous close in Hong Kong; Tencent Holdings closed at HKD 612.833, down 0.76% [2] - Tencent Holdings reported a latest price of HKD 617.500, with a decrease of HKD 4.500 or 0.72%; its ADR price is HKD 612.833, reflecting a decline of HKD 4.667 [3] - HSBC Holdings had a latest price of HKD 128.500, increasing by HKD 0.300 or 0.23%; its ADR price is HKD 128.695, showing a slight increase of HKD 0.195 [3] Group 2 - Other notable stocks include China Construction Bank at HKD 7.830, down 0.25%, and Xiaomi Group at HKD 37.100, down 2.01% [3] - AIA Group saw a decline of HKD 1.300 or 1.53%, closing at HKD 83.550; its ADR price is HKD 83.075, down HKD 0.475 [3] - Meituan-W closed at HKD 100.000, down 0.79%, while JD.com saw a decrease of HKD 1.500 or 1.30%, closing at HKD 113.600 [3]

Core Viewpoint - As of January 15, a total of 105 stocks reached their 52-week highs, with notable performers including 德莱建业 (01546), 东曜药业－Ｂ (01875), and 大森控股 (01580) achieving high rates of 78.00%, 51.36%, and 37.61% respectively [1]. Summary by Category 52-Week Highs - 德莱建业 (01546) closed at 0.355, with a peak of 0.445, marking a high rate of 78.00% [1]. - 东曜药业－Ｂ (01875) closed at 4.190, reaching a high of 4.450, with a high rate of 51.36% [1]. - 大森控股 (01580) closed at 0.275, with a peak of 0.300, achieving a high rate of 37.61% [1]. - 顺兴集团控股 (01637) and 怡园酒业 (08146) also showed significant increases, with high rates of 36.36% and 24.74% respectively [1]. Additional Notable Stocks - JBB BUILDERS (01903) reached a high rate of 24.12% with a closing price of 2.830 [1]. - 天臣控股 (01201) and 江苏创新 (02116) had high rates of 15.38% and 15.00% respectively [1]. - 万国黄金集团 (03939) and 竣球控股 (01481) also performed well, with high rates of 12.95% and 12.44% respectively [1]. 52-Week Lows - The report also noted stocks reaching 52-week lows, with 天彩控股 (03882) showing a low rate of -14.42% [3]. - 中国智慧能源 (01004) and 基石控股 (01592) followed with low rates of -13.64% and -12.86% respectively [3]. - 弘毅文化集团－旧 (02990) and 中原建业 (09982) also reported significant declines of -9.09% and -6.06% respectively [3].

| 股票名称 | 沽空金额↓ | 沽空比率 | 偏离值 | | --- | --- | --- | --- | | 阿里巴巴-W(09988) | 40.31 亿元 | 9.88% | -4.41% | | 腾讯控股(00700) | 25.53 亿元 | 14.07% | 3.39% | | 阿里健康(00241) | 17.76 亿元 | 23.84% | 1.53% | | 美团-W(03690) | 13.57 亿元 | 16.66% | -0.03% | | 小米集团-W(01810) | 10.94 亿元 | 16.34% | -4.90% | | 快手-W(01024) | 9.57 亿元 | 16.38% | 1.36% | | 中国人寿(02628) | 8.95 亿元 | 24.11% | 3.90% | | 泡泡玛特(09992) | 8.79 亿元 | 36.21% | 13.10% | | 中国平安(02318) | 7.50 亿元 | 19.75% | -8.73% | | 携程集团-S(09961) | 7.09 亿元 | 22.75% | 6.46% | 前十大沽空偏离值排行 ...

Market Overview - The Hang Seng Index (HSI) closed at 26,783.18, down by 216.63 points or 0.80% as of January 14, 16:00 Eastern Time [1] - The index reached a high of 26,918.58 and a low of 26,724.89 during the trading session, with a trading volume of 82.41 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 127.501, up by 0.39% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 632.594, down by 0.06% compared to the Hong Kong close [2] Stock Price Movements - Tencent Holdings (00700) latest price is HKD 633.000, with an increase of HKD 5.500 or 0.88%, but its ADR price is HKD 632.594, showing a decrease of HKD 0.406 [3] - Alibaba Group (09988) latest price is HKD 169.000, up by HKD 9.100 or 5.69%, with an ADR price of HKD 165.595, down by HKD 3.405 [3] - HSBC Holdings (00005) latest price is HKD 127.000, up by HKD 0.600 or 0.47%, with an ADR price of HKD 127.501, up by HKD 0.501 [3] - Other notable movements include Meituan (03690) down by 3.24% and Ctrip Group (09961) down by 6.49% [3]

免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 观点网讯：1月14日，新鸿基地产位于香港粉岭北第10区项目获屋宇署批出建筑图则，将建两幢16层商 住大厦，总楼面约38.99万平方呎，预计2025年11月动工。 根据公开资料整理，项目已于2024年完成补地价，设3层平台、1层地库及住客休憩设施，并附设公共交 通交汇处；住宅楼面约27.9万平方呎，非住宅楼面约11.1万平方呎，将分期推进。 ...

Market Performance - The Shanghai Composite Index rose by 3.8%, the Shenzhen Component Index increased by 4.4%, and the ChiNext Index went up by 3.9% this week [1] - The real estate sector (Shenwan) saw a rise of 5.1% [1] - The top five stocks by percentage increase were Chengjian Development (+34.5%), Yingxin Development (+22.0%), Shangshi Development (+20.8%), *ST Rongkong (+19.7%), and *ST Yangguang (+16.0%) [1] - The bottom five stocks by percentage decrease included Hainan Airport (-7.9%), Guangming Real Estate (-7.2%), Hezhan Energy (-5.5%), Shoukai Shares (-5.0%), and China Wuyi (-2.0%) [1] Real Estate Data Tracking - New homes: In the week of January 3-9, 42 key cities recorded a total transaction of 1.37 million square meters, a month-on-month decrease of 46.7% [1] - For January up to the week of January 9, new home transactions totaled 1.55 million square meters, down 30.1% month-on-month and 46.6% year-on-year [1] - Second-hand homes: In the week of January 3-9, 21 key cities saw a total transaction of 2.06 million square meters, a month-on-month increase of 25.4% [1] - For January up to the week of January 9, second-hand home transactions totaled 2.14 million square meters, down 16.1% month-on-month and 23.9% year-on-year [1] Industry News - The State Council, led by Premier Li Qiang, held a meeting to implement a package of fiscal and financial policies to boost domestic demand, including expanding the scope of public rental housing [2] - The central bank emphasized the continuation of a moderately loose monetary policy and the integration of incremental and stock policy effects [2] - Local policies include Shanghai's efforts to improve fair competition review mechanisms and Henan's support for local governments to issue special bonds for purchasing existing homes for affordable housing [2] - In Shenyang, the down payment for housing has been reduced to 15% until the end of 2026, while Chengdu extended its housing mutual assistance policy until the end of 2026 [2] Company Announcements - In December 2025, the sales figures for major real estate companies were as follows: Poly Development at 12.16 billion yuan (-18.9%), China Merchants Shekou at 25.84 billion yuan (-14.5%), and New Town Holdings at 1.35 billion yuan (-57.8%) [2] - China Overseas Development issued bonds with a 3-year term at an interest rate of 1.60%-2.60% and a 5-year term at 1.80%-2.80% [2] Personnel Changes - Vanke A's Yu Liang retired due to age, resigning from his positions as director and executive vice president [3] Investment Analysis - The real estate sector remains a crucial asset allocation and investment direction for Chinese households, with stable housing prices being significant for economic circulation [3] - The 20th Central Committee's emphasis on promoting high-quality development in real estate suggests potential policy support [3] - High-quality residential properties may see a development wave due to policy guidance and changes in supply-demand structure [3] - The Hong Kong private residential market sentiment is gradually recovering, indicating a potential revaluation for Hong Kong developers [3] - The sector is rated "positive," with recommended companies including China Resources Land, China Merchants Shekou, New Town Holdings, and others [3]

Core Viewpoint - The Hang Seng Index (HSI) experienced a slight decline, closing at 26,787.80, down 0.23% from the previous close, indicating a mixed performance in the Hong Kong stock market [1]. Group 1: Market Performance - The Hang Seng Index closed at 26,787.80, down 60.67 points or 0.23% [1]. - The index reached a high of 26,950.81 and a low of 26,739.26 during the trading session, with a trading volume of 52.77 million shares [1]. - The average price for the session was 26,845.04, with a 52-week high of 27,275.90 and a low of 19,335.70 [1]. Group 2: Major Blue-Chip Stocks - HSBC Holdings closed at HKD 127.188, up 0.62% compared to the previous close [2]. - Tencent Holdings closed at HKD 624.864, down 0.42% from the previous close [2]. - Alibaba Group saw a price increase of 3.63%, closing at HKD 159.900 [3]. - Other notable performances include AIA Group up 0.84% at HKD 84.400 and China Construction Bank up 1.17% at HKD 7.810 [3].