Group 1 - Hong Kong real estate stocks are experiencing a broad increase, with notable gains in companies such as Hysan Development (up 4.49% to HKD 21.42), Sun Hung Kai Properties (up 3.27% to HKD 113.8), and Wharf Real Estate Investment (up 3.23% to HKD 26.2) [1] - According to a report by CLSA, Hong Kong property prices are showing signs of recovery, with strong sales of new developments and optimistic market sentiment, leading to a year-to-date increase in developer stock prices [1] - CLSA predicts a continued upward trend in property prices, estimating a 5% increase by 2026, although the pace of price growth is expected to moderate due to cooling interest rate expectations and resilient mortgage rates [1] Group 2 - Citigroup has revised its 2026 forecast for Hong Kong residential property prices from a 3% increase to an 8% increase, anticipating further acceleration in 2027 as the market enters a prolonged upward cycle [2] - The bank expects Hong Kong property developers to benefit in the first half of 2026 from improved profit margins, earnings, and net asset value (NAV) growth, with current operating profit margins ranging from 5% to 9% [2] - New transaction volumes for new developments are projected to reach a six-year high, with each 1% increase in property prices estimated to boost NAV by 0.5% and earnings by 1.5% [2]

消息面上，里昂研究报告指出，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，但由于降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。里昂维持对2026年香港楼价增长5%的预测。 此外，根据花旗最新现修订2026年香港住宅楼价预测，由原来升3%上调至升8%，并预期2027年进一步 加速，进入多年以来的上升周期。该行预期，香港地产发展商在2026年上半年可领先，受惠于利润率、 盈利及NAV上行(目前营业利润率5–9%)，新盘成交量创6年新高，房价上升周期(估算房价每升1%，平 均可推动NAV 0.5%/盈利1.5%)，以及NAV折让收窄(现为52%，过往房价上升周期约40%)。 智通财经APP获悉，香港地产股普涨，截至发稿，希慎兴业(00014)涨4.49%，报21.42港元；新鸿基地产 (00016)涨3.27%，报113.8港元；九龙仓置业(01997)涨3.23%，报26.2港元；恒隆集团(00010)涨2.04%， 报16.5港元；长实集团(01113)涨1.2 ...

Market Overview - The Hang Seng Index (HSI) closed at 26,547.45, down by 37.61 points or 0.14% [1] - The index reached a high of 26,639.66 and a low of 26,442.66 during the trading session [1] - The average price for the day was 26,541.16, with a trading volume of 49.443 million shares [1] Blue-Chip Stocks Performance - HSBC Holdings closed at 129.700 HKD, up by 1.17% compared to the previous close [2] - Tencent Holdings closed at 599.924 HKD, down by 0.43% compared to the previous close [2] - Alibaba Group (ADR) saw an increase of 2.19%, closing at 163.200 HKD [3] - Notable declines included NetEase, which fell by 3.70% to 208.000 HKD [3] Individual Stock Movements - Tencent Holdings (ADR) was priced at 599.924, reflecting a decrease of 0.43% compared to its Hong Kong price [3] - Alibaba's ADR was at 164.396, showing an increase of 0.73% compared to its Hong Kong price [3] - HSBC's ADR was at 129.700, indicating an increase of 1.17% compared to its Hong Kong price [3] - Other notable movements included Baidu Group, which increased by 3.29% to 153.700 HKD [3]

Market Overview - The Hang Seng Index closed at 26,246.02, down by 241.49 points or 0.91% [1] - The index reached a high of 26,469.55 and a low of 26,233.40 during the trading session [1] - The average price for the day was 26,351.48, with a trading volume of 46.7434 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 128.682, up by 0.22% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 593.183, down by 1.30% compared to the Hong Kong close [2] - Alibaba Group (W) closed at HKD 159.700, down by 0.44% [3] - Xiaomi Group (W) closed at HKD 35.480, down by 2.74% [3] - Meituan (W) closed at HKD 97.350, down by 1.17% [3] Stock Price Changes - Tencent Holdings saw a decrease of HKD 9.000, or 1.48% [3] - HSBC Holdings increased by HKD 1.400, or 1.10% [3] - China Ping An rose by HKD 0.600, or 0.88% [3] - BYD Company experienced a decline of HKD 3.700, or 3.67% [3] - Kuaishou Technology (W) fell by HKD 0.700, or 0.91% [3]

Market Overview - The Hang Seng Index fell by 76.39 points, a decrease of 0.29%, closing at 26,487.51 points [1] - The total turnover on the main board was HKD 2,377.66 million [1] - The National Enterprises Index dropped by 39.69 points, closing at 9,094.76 points, a decline of 0.43% [1] - The Hang Seng Tech Index decreased by 66.54 points, closing at 5,683.44 points, a drop of 1.16% [1] Blue-Chip Stocks - Tencent Holdings decreased by 1.48%, closing at HKD 601 [1] - Hong Kong Exchanges and Clearing fell by 1.11%, closing at HKD 427 [1] - China Mobile remained unchanged, closing at HKD 79.3 [1] - HSBC Holdings increased by 1.1%, closing at HKD 128.4 [1] Local Hong Kong Stocks - Cheung Kong Holdings rose by 0.74%, closing at HKD 43.34 [1] - Sun Hung Kai Properties decreased by 0.99%, closing at HKD 110.2 [1] - Henderson Land Development increased by 0.52%, closing at HKD 31.12 [1] Chinese Financial Stocks - Bank of China fell by 0.45%, closing at HKD 4.47 [1] - China Construction Bank decreased by 0.51%, closing at HKD 7.76 [1] - Industrial and Commercial Bank of China dropped by 0.47%, closing at HKD 6.31 [1] - Ping An Insurance rose by 0.88%, closing at HKD 69 [1] - China Life Insurance increased by 4.31%, closing at HKD 33.4 [1] Oil and Petrochemical Stocks - China Petroleum & Chemical Corporation fell by 0.61%, closing at HKD 4.92 [1] - China National Petroleum Corporation decreased by 0.12%, closing at HKD 8.21 [1] - CNOOC Limited dropped by 1.74%, closing at HKD 21.52 [1]

Core Viewpoint - Hong Kong property prices are experiencing a recovery, with optimistic market sentiment driving developers' stock prices up since the beginning of the year. However, the expected increase in property prices will be moderate due to cooling interest rate cut expectations and resilient mortgage rates [1] Group 1: Market Trends - New property sales have shown strong demand, with New World Development's Sierra Sea Phase 2A receiving over 49,000 applications, resulting in an oversubscription of more than 214 times [1] - The average price per square foot for this batch of units is approximately HKD 10,968, which is 5.5% and 3.1% higher than the prices of Phase 1A and 1B sold in April and May of last year, respectively. However, this increase is lower than the market's overall 6.8% rise during the same period [1] Group 2: Company Insights - The report mentions a potential acquisition of Rosewood Hotel Group by Marriott International, noting that Rosewood is a sister company of New World Development. Even if the transaction occurs, it is believed that Chow Tai Fook Enterprises will not use the proceeds to repay New World's debts [1] - The firm maintains a 5% growth forecast for Hong Kong property prices by 2026, with a preference for stocks such as Hysan Development and Link REIT, both rated as "outperform" [1]

Core Viewpoint - Hong Kong property prices are experiencing a recovery, with optimistic market sentiment driving developers' stock prices up since the beginning of the year. However, the expected increase in property prices will be moderate due to cooling interest rate cut expectations and resilient mortgage rates [1] Group 1: Market Trends - New property sales, such as the Sierra Sea Phase 2A by Sun Hung Kai Properties, received over 49,000 applications, with an oversubscription rate exceeding 214 times. The average price per square foot for this batch is approximately HKD 10,968, which is 5.5% and 3.1% higher than the previous phases sold in April and May last year, respectively [1] - The increase in property prices is lower than the market's overall increase of 6.8% during the same period and significantly below the 29% increase seen in the same company's "Tianxi Tian" Phase 2 [1] Group 2: Company Insights - There are rumors that Marriott International may acquire Rosewood Hotel Group, which is under Chow Tai Fook Enterprises. However, it is noted that even if the transaction occurs, Chow Tai Fook is unlikely to use the proceeds to repay debts owed to New World Development [1] - The company maintains a forecast of a 5% increase in Hong Kong property prices by 2026, with preferred stocks being Hysan Development (00014) and Link REIT (00823), both rated as "outperform" [1]

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].