HSBC Global Research has raised its guidance for more Hong Kong real estate stocks despite a slight decline in earnings for the second half of 2025. The resumption of dividend growth among blue-chip stocks like SHK PPT and CK ASSET has boosted investor confidence. The residential market is showing positive momentum, with increased sales volume and rising average prices expected to improve profit margins. SHK PPT and HENDERSON LAND are anticipated to be the main beneficiaries of this recovery, with target prices set at HKD150.6 and HKD35.8, respectively. Other stocks like HYSAN DEV and SWIREPROPERTIES also present investment opportunities, leading to a Buy rating for all mentioned stocks.
