Core Viewpoint - Recent interactions with investors indicate a divergence in market views regarding the outlook for Hong Kong property prices, with offshore investors being more optimistic compared to local and mainland investors who are focused on valuation adequacy [1] Group 1: Market Sentiment - Offshore general investors are more optimistic about the future of Hong Kong property prices, while local, mainland, and real estate fund investors are more concerned about whether valuations are fully reflected [1] - Overall, investors seem willing to overlook recent lower yields, predicting a multi-year cyclical recovery in the real estate market [1] Group 2: Price Target Adjustments - Based on the narrowing discount to net asset value, the company has raised the average target prices of several real estate stocks by 10% to reflect strong performance in Hong Kong development projects and high-end retail sales [1] - The company has adjusted earnings per share forecasts for Hysan Development and Sun Hung Kai Properties for the fiscal years 2025 to 2028 based on updated project accounting timelines [1] Group 3: Developer Preferences - The company is optimistic about Cheung Kong Holdings and Sino Land due to their earnings being highly sensitive to property price growth [1] - For rental stocks, the company prefers Swire Properties and Hang Lung Properties because of their high dividend yields and resilience in mainland luxury retail [1] Group 4: Underperforming Stocks - Link REIT is identified as an underperforming stock, contrary to market consensus, primarily due to the widening valuation gap with peers (dividend yield reaching 7%) and the short-term challenges posed by e-commerce being already reflected [1]

Core Viewpoint - Bank of America Securities reports that Hong Kong developers have already factored in a 15% to 20% growth in transaction volume for the next two years into their stock prices, with projected property price increases of 10% to 15% during the same period [1] Group 1: Market Outlook - The firm predicts property prices in Hong Kong will rise between 10% and 15% over the next two years [1] - Developers are expected to see a transaction volume growth of 15% to 20% incorporated into their stock valuations [1] Group 2: Risks - Two major risks identified include limited room for further cuts in the prime interest rate as indicated by the Hong Kong Monetary Authority [1] - The preferential five-year mortgage rates offered by banks are set to expire at the end of April, which may impact borrowing costs [1] - A stagnation in the median monthly household income and a year-on-year decline in approved immigration visas for 2025 could restrict further property price increases [1] Group 3: Developer Preferences - The firm favors Cheung Kong Holdings and Sino Land due to their high sensitivity to property price growth [1] - For rental stocks, the preference is for Swire Properties and Hang Lung Properties, attributed to their higher dividend yields and resilience in mainland luxury retail [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 信和置業有限公司 | | | | 呈交日期: | 2026年2月5日 | | | | I. 法定/註冊股本變動 | 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00083 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 9,484,494,433 0 9,484,494,433 增加 / 減少 (-) 0 0 本月底結存 9,484,494,433 0 9,484,494,433 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.3 ...

里昂发布研报称，香港地产商本年至今股价表现强劲，主要受惠于部分新盘销售热烈以及市场情绪乐 观。该行相信楼价上升趋势将持续，而信和置业(00083)的净现金价值，相对于同业的物业资产组合将 逐渐下降。因应完工时间变动及新增补缴税项的影响，该行对信置2026及27财年盈利预测分别下调10% 及0.6%。自该行于去年2月给予"高度确信跑赢大市"评级以来，股份已累升42%，且其净现金不再是显 著优势资产，该行对其评级下调至"跑赢大市"，目标价则由10.74港元升至12.1港元。 ...

智通财经APP获悉，里昂发布研报称，香港地产商本年至今股价表现强劲，主要受惠于部分新盘销售热 烈以及市场情绪乐观。该行相信楼价上升趋势将持续，而信和置业(00083)的净现金价值，相对于同业 的物业资产组合将逐渐下降。因应完工时间变动及新增补缴税项的影响，该行对信置2026及27财年盈利 预测分别下调10%及0.6%。自该行于去年2月给予"高度确信跑赢大市"评级以来，股份已累升42%，且 其净现金不再是显著优势资产，该行对其评级下调至"跑赢大市"，目标价则由10.74港元升至12.1港元。 ...

Group 1 - The overall sentiment of surveyed residents in Hong Kong is more cautious than expected, despite stable financial conditions over the past 12 months [1] - The number of respondents with a positive outlook on Hong Kong's economic prospects for the next 12 months has decreased, which has suppressed consumer willingness [1] - Investment sentiment remains relatively stable, with key concerns among respondents including rising living costs and job security [1] Group 2 - UBS believes that the positive momentum in Hong Kong's financial sector should support overall economic and labor demand, with potential for improvement in resident confidence by 2026 [1] - The firm maintains a positive outlook on the real estate and financial sectors, removing Henderson Land Development (00012) from its preferred stock list and replacing it with Sino Land Company (00083) due to higher dividend visibility [1] - Other stocks included in the preferred list are AIA Group (01299), Swire Properties (01972), Galaxy Entertainment (00027), and Wynn Macau (01128) [1]

Core Viewpoint - UBS's report indicates that Hong Kong residents exhibit a more cautious sentiment regarding investment and consumption intentions than expected, with a decrease in the number of respondents holding a positive outlook on the economic prospects for the next 12 months [1] Group 1: Economic Sentiment - Respondents' financial situations have remained stable over the past 12 months, but their positive outlook on Hong Kong's economic prospects has diminished, which has suppressed consumption intentions [1] - The most concerning issues for respondents include rising living costs and job security [1] Group 2: Investment Outlook - Investment intentions have remained relatively stable, supported by the positive momentum in Hong Kong's financial sector, which is expected to bolster overall economic and labor demand [1] - The robust performance of Hong Kong and A-shares is anticipated to create a positive wealth effect, suggesting that resident confidence may improve by 2026 [1] Group 3: Sector Recommendations - UBS maintains a positive outlook on the real estate and financial sectors, removing Henderson Land Development (00012) from its preferred stock list and replacing it with Sino Land Company (00083) due to higher dividend visibility [1] - Other stocks included in the preferred list are AIA Group (01299), Swire Properties (01972), Galaxy Entertainment (00027), and Wynn Macau (01128) [1]

Group 1 - The core viewpoint of the report is that Hong Kong property developers have shown strong stock performance this year, driven by robust sales of new projects and optimistic market sentiment [1] - The upward trend in property prices is expected to continue, although the net asset value of Sino Land Company is projected to gradually decline compared to its peers [1] - The earnings forecasts for Sino Land for the fiscal years 2026 and 2027 have been revised downwards by 10% and 0.6% respectively due to changes in completion timelines and new tax liabilities [1] Group 2 - Since the "high conviction outperform" rating was assigned in February last year, Sino Land's shares have increased by 42% [1] - The company's net cash is no longer considered a significant competitive advantage [1] - The rating for Sino Land has been downgraded to "outperform," with the target price raised from HKD 10.74 to HKD 12.1 [1]

最近，香港楼市与股市持续热络受到市场关注。香港特区政府财政司司长陈茂波此前指出，2025年，香港资产市场表现进一步改善，资金持续流入，访港旅 客人数增加，整体出口和固定资本投资表现良好，消费趋稳。股市和楼市价量齐升，巩固了市场的正向预期。展望2026年，香港经济有望保持良好势头。 在这一积极背景下，多家机构对香港地产市场前景转向乐观。其中，大摩近日发布报告，将香港地产行业的观点上调至"吸引"，并预期香港住宅楼价、中环 写字楼租金和零售销售，将自2018年来首次实现同步按年正增长。 市场预期渐趋明朗之际，一家扎根香港逾半个世纪的港资发展商——信和置业（0083.HK），其过去一年卓越表现与前瞻性布局策略，为观察企业如何承接 市场复苏提供了一个清晰样本。 01 多元产品线精准捕捉市场需求 信和置业在2025年的核心住宅业务表现颇为亮眼，全年在香港本地共售出2424套住宅单位，合约销量为近年高位，印证了市场"价量齐升"的趋势。 这一不俗成绩取得的背后，不仅源于市场整体回暖，更得益于公司长期以来始终贯穿的一套以高端树立品牌，以畅销稳固基本盘，前瞻布局未来的立体化产 品策略与土地储备战略。 公司业绩的持续释放，首先得益 ...

格隆汇1月23日丨信和置业(00083.HK)宣布，公司将于2026年2月27日(星期五)举行董事会会议，藉以(其 中包括)批准刊发公司及其附属公司截至2025年12月31日止六个月的中期业绩公告，以及考虑派发中期 股息。 ...