Zhi Tong Cai Jing·2026-01-21 07:42Group 1 - Morgan Stanley reports that the earnings season for Hong Kong real estate stocks will begin at the end of January [1] - The bank expects most companies' profits to continue declining, with limited impact from the improvement in the Hong Kong residential market on the fiscal year 2025 statements [1] - The upcoming earnings reports may represent a low point for most companies, with a significant chance of profit rebound in the next fiscal year [1] Group 2 - Preferred stocks in the rental sector (shopping malls/office buildings) include Hang Lung Properties (00101) and Swire Properties (01972) [1] - For developers, the preference is for Sino Land Company (00083) [1] - The bank is also optimistic about the Land Development Company but suggests waiting for a better entry point [1]