Real Estate Operating Companies

WHARF REIC

CLSA Reiterates Outperform Rating on Kowloon Wharf Holdings

Nine Holdings' Wu Tianhai Says 旗下商场表现理想

Nine 仓 and WHIDBEY name Kowloon Tong luxury project The Monet

Morgan Stanley Downgrades Cheung Kong Target Price

Goldman Sachs Report: Cheung Kong Reaps Optimism for Hong Kong Luxury Market

BOA Securities Upgrades Cheung Kong's Target Price and NAV Estimate

CLSA Raises Earnings Forecast and Target Price for Wharf Reit

Citibank Upgrades CK Asset Holdings' Rating and Target Price

Wharf Real Estate Rent Expected to Continue Falling

WHARF REIC released FY2025 Q3 earnings on March 10, 2026 (BJT) with actual revenue of HKD 3.204 B and EPS of HKD -0.306

WHARF REIC released FY2025 9 Months Earnings on March 10 (BJT), actual revenue HKD 9.611 B, actual EPS HKD -1.0985

Kwok Retail's Harbour City Revenue and Profit Up Last Year, Times Square Down

Nine Holdings Announces 5% Year-on-Year Profit Growth and 132 HK cents Dividend

Kowloon Tong Group Property Announces Annual Revenue of 12.82 Billion HKD and Net Loss of 4.26 Billion HKD

WHARF REIC released FY2025 Q4 earnings on March 10 Pre-Market (BJT), actual revenue HKD 3.204 B, actual EPS HKD -0.305

WHARF REIC released FY2025 earnings on March 10 Pre-Market (BJT), actual revenue HKD 12.82 B (forecast HKD 12.63 B), actual EPS HKD -1.4021 (forecast HKD 0.2905)

Haitou Enterprise Announces Loss for Fiscal Year 2025

WHARF REIC to Release FY2025 Annual Earnings on March 10, Pre-Market (BJT), Forecast Revenue HKD 12.64 B, EPS HKD 0.2905

Citi Sees Positive Outlook on Hong Kong's High-End Consumption REITs, Upsgrades Nine Dragons and Hysan

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

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CLSA has issued a report indicating a positive management tone from WHARF REICfor the first time since the post-pandemic reopening. The broker highlights strong luxury goods sales during the May Day Golden Week and improved per capita spending, partly due to HKD depreciation. CLSA maintains an Outperform rating on WHARF REIC with a target price of HKD40, considering it the top pick in the luxury retail sector.

AASTOCKS News

CLSA Remains Optimistic on HK Luxury Sales Outlook; WHARF REIC  Top Pick in Luxury Retail Sector

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UBS reported that Hong Kong's total retail sales value in March increased by 13% YoY, surpassing expectations. Excluding certain categories, sales still grew by 8% YoY. The bank anticipates a moderation in growth for April due to high airfares and geopolitical tensions. Retail landlords like WHARF REIC and HYSAN DEV are expected to benefit, while LINK REIT may also gain from reduced outbound travel supporting domestic consumption. However, high oil prices pose a risk to spending from Mainland visitors.

LINK REIT

HYSAN DEV

UBS Group AG

UBS: HK Mar Total Retail Sales Value Beats; WHARF REIC, HYSAN DEV Benefited

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The Hong Kong stock ADR is expected to open 341 points higher this morning, reporting at 26,002 points. The relative stock prices and the premium of Hong Kong stocks over the American Depositary Receipts are as follows: CKH Holdings HKD 63.44 (-0.06%), CLP Holdings HKD 76.049 (-1.05%), HK & CHINA GAS HKD 6.771 (7.67%), WHARF HOLDINGS HKD 21.538 (-2.68%), HSBC HOLDINGS HKD 142.513 (-2.61%), POWER ASSETS HKD 64.928 (0.03%), PCCW HKD 5.984 (0.60%), HENDERSON LAND HKD 30.075 (0.62%), SUN HUNG KAI CO HKD 138.158 (-1.71%), NEW WORLD DEV HKD 7.636 (13.41%), SWIRE PACIFIC A HKD 86.388 (-0.04%), BANK OF E ASIA HKD 14.207 (-3.36%), GALAXY ENT HKD 37.312 (-7.86%), HANG LUNG PPT HKD 8.85 (4.07%), Geely Automobile HKD 19.13 (30.37%), CITIC Limited HKD 12.531 (1.67%), CATHAY PAC AIR HKD 11.717 (-2.19%)

AASTOCKS

HK & CHINA GAS

SUN HUNG KAI CO

SWIRE PACIFIC A

SWIRE PACIFIC B

HENDERSON LAND

PCCW

HANG LUNG GROUP

POWER ASSETS

CKH HOLDINGS

HSBC HOLDINGS

Galaxy Entertainment Group

GALAXY ENT

CATHAY PAC AIR

NEW WORLD DEV

WHARF HOLDINGS

CLP HOLDINGS

HANG LUNG PPT

BANK OF E ASIA

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

GF CSI All Share Financials ETF

China Southern CSI All Share Real Estate ETF

The Hong Kong stock ADR is expected to open 341 points higher this morning, reporting at 26,002 points

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The Central Plains Urban Rent Index (CRI) reached 131.27 points in March 2026, rising 0.81% month-on-month, marking four consecutive months of increase, with a total increase of 1.66%. The rental market is active, with rents continuing to rise, and it is expected to continue to rise steadily in the second quarter, potentially reaching 136 points in the third quarter. The large estate rent index CRI_Mass reported 137.20 points, up 0.53% month-on-month. Among the rents in the four districts, both Hong Kong Island and East New Territories reached historical highs, Kowloon is close to historical highs, while West New Territories saw a slight decline. In the first quarter, seven out of the eight major rent indices increased, while one decreased

SUNLIGHT REIT

SHK PPT

CK ASSET

Yinhua CSI Interior Real Estate Theme ETF

The Central Plains City Rental Index (CRI) in "Hong Kong Property" has risen for four consecutive months and reached a new high, with a cumulative increase of 1.3% in the first quarter

Wharf REIC Sets May 2026 AGM to Seek Mandates on Share Buy-Back and Issuance

Tip Ranks

Wharf REIC Sets May 2026 AGM to Seek Mandates on Share Buy-Back and Issuance

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Yang Mingyi from the Central Plains Real Estate Research Department pointed out that this week the Central Plains Valuation Index (CVI) reported 81.64 points, an increase of 1.4 points from last week, indicating a hot atmosphere in the Hong Kong property market. Despite the uncertain situation in the Middle East, developers are actively promoting new projects, and secondary market transactions are lively. The CVI has remained above 80 points for 9 consecutive weeks, reflecting the banks' optimistic attitude towards the property market, suggesting that property prices will continue to rise. New project sales are enthusiastic, HIBOR remains low, bank funding costs are decreasing, and the mortgage attitude is positive. The latest CCL reported 152.17 points, an increase of 12.59% from the low level of H in May 2025

TST PROPERTIES

SINO LAND

HENDERSON INV

In the "Hong Kong Property" Centaline Valuation Index (major banks) CVI rose by 1.4 points weekly, reporting at 81.64 points

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The Hong Kong stock ADR is expected to open low at 9 points this morning, reporting 25,884 points. The relative stock prices of major companies' ADRs and the premium situation of Hong Kong stocks to ADRs are as follows: CKH Holdings 63.004 (premium 0.15%), CLP Holdings 75.073 (-0.96%), HK & China Gas 6.583 (10.28%), Wharf Holdings 21.711 (1.33%), HSBC Holdings 141.478 (-2.03%), Power Assets 63.083 (0.42%), PCCW 6.387 (-6.69%), Henderson Land 29.857 (0.41%), SHK PPT 139.096 (-0.57%), New World Dev 8.373 (2.11%), Swire Pacific A 87.767 (-2.18%), Bank of E Asia 14.215 (-2.08%), Galaxy Ent 38.022 (-4.90%), Hang Lung PPT 9.278 (0.13%), Geely Auto 19.14 (24.45%), CITIC 12.303 (-0.43%), Cathay Pacific 11.88 (0.76%)

GLORIOUS PPT H

ZHONGHUA GAS

SWEET

GEELY AUTO

SWIREPROPERTIES

CHINA CBM

PCPD

HKT-SS

CITIC

The Hong Kong stock ADR is expected to open lower this morning, with the Hang Seng Index reported at 25,884 points

00HSI

According to monitoring data from Centaline Property in Hong Kong, the transaction volume of new homes reached 6,300 in the first quarter of 2023, setting a new high for the same period since the new regulations were implemented in 2013. At the same time, the number of sale and purchase registrations was 5,373, with a total amount of HKD 62.8 billion, representing year-on-year increases of 38% and 94%, respectively

腾讯新闻 - 财经

Hang Seng Index

In the first quarter, Hong Kong's new home transaction volume reached a 13-year high, with a "big buyer" purchasing 9 units at once

REET

JPMorgan has released a report indicating that real estate stocks have performed better than expected. According to Ming Pao, the outlook for the second quarter of 2026 suggests that these stocks may not remain unaffected by the macroeconomic uncertainties triggered by the recent Middle East conflict. The primary risks include potential interest rate hikes, followed by recession concerns. As a result, JPMorgan has downgraded Henderson Land Development (0012) and Wharf Real Estate Investment Company (1997) to 'neutral,' while upgrading CK Asset Holdings (1113) to 'overweight.'

CoinLive

iShares Residential and Multisector Real Estate ETF

iShares Global REIT

Schw Us Reit

SPDR Dow Jones REIT ETF

SPDR Dow Jones Global Real Estate ETF

iShares US Real Estate ETF

Real Est Select Spdr

WHARF FIN N2609

FlexShares Glbl Quality Real Estate ETF

WisdomTree New Economy Real Estate Fund

Wharf Holdings

Vanguard Real Estate ETF

JPMorgan Adjusts Ratings for Real Estate Stocks Amid Middle East Conflict Concerns

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Cushman & Wakefield reports that premium office supply in mainland China and Hong Kong is set to peak this year, while demand lags due to economic slowdown and global uncertainties. By the end of 2025, premium office inventory in Greater China is expected to reach 99.2 million square meters, but net absorption will only rise by 2.3 million square meters, increasing vacancy rates to 25.4%. Rents in major cities are declining, with landlords advised to adopt proactive leasing strategies. Demand recovery is expected to be moderate amid ongoing challenges.

WHARF REIC(01997.HK)

CLSA Remains Optimistic on HK Luxury Sales Outlook; WHARF REIC Top Pick in Luxury Retail Sector

UBS: HK Mar Total Retail Sales Value Beats; WHARF REIC, HYSAN DEV Benefited

The Hong Kong stock ADR is expected to open 341 points higher this morning, reporting at 26,002 points

The Central Plains City Rental Index (CRI) in "Hong Kong Property" has risen for four consecutive months and reached a new high, with a cumulative increase of 1.3% in the first quarter

Wharf REIC Sets May 2026 AGM to Seek Mandates on Share Buy-Back and Issuance

In the "Hong Kong Property" Centaline Valuation Index (major banks) CVI rose by 1.4 points weekly, reporting at 81.64 points

The Hong Kong stock ADR is expected to open lower this morning, with the Hang Seng Index reported at 25,884 points

In the first quarter, Hong Kong's new home transaction volume reached a 13-year high, with a "big buyer" purchasing 9 units at once

JPMorgan Adjusts Ratings for Real Estate Stocks Amid Middle East Conflict Concerns

Mainland China, Hong Kong premium office supply to peak as demand lags: Cushman