Market Performance: The Hang Seng Index (HSI) rose by 699 points (2.6%) to close at 27,826, with significant gains also seen in the HSTI and HSCEI, reflecting a strong market turnover of $361.52 billion.
Top Gainers: Notable heavyweights like Tencent, Xiaomi, and Alibaba saw increases of 2.3%, 2.1%, and 2.1% respectively, while Chinahongqiao and Pop Mart led the HSI & HSCEI constituents with gains of 7.3% and 7.0%.
Short Selling Activity: High short selling ratios were observed across various stocks, with Ping An and BYD Company showing significant short selling amounts, indicating investor caution despite overall market gains.
Noteworthy Movements: Stocks like Unisound and Chalco experienced dramatic price changes, with Unisound surging by 73.8% while XXF and Adicon Holdings faced declines of 14.5% and 12.0% respectively.
Wall Street analysts forecast 00012 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00012 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00012 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00012 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 30.240
Low
Averages
High
Current: 30.240
Low
Averages
High
UBS
downgrade
2026-01-26
New
Reason
UBS
Price Target
AI Analysis
2026-01-26
New
downgrade
Reason
The analyst rating from UBS is influenced by a survey indicating that the overall sentiment among Hong Kong respondents is more cautious than expected. Although their financial situation has remained stable, there is a notable decrease in the number of respondents with a positive outlook on Hong Kong's economic prospects for the next year, which has negatively impacted their consumption intentions. However, their investment intentions have remained stable. UBS has reiterated a positive view on the real estate and financial sectors, specifically replacing HENDERSON LAND with SINO LAND in its top picks due to SINO LAND's higher dividend visibility.
JPMorgan
JPMorgan
Underweight -> Neutral
upgrade
2026-01-21
Reason
JPMorgan
JPMorgan
Price Target
2026-01-21
upgrade
Underweight -> Neutral
Reason
JPMorgan upgraded its rating for New World Development (00017.HK) from Underweight to Neutral because the most concerning risks associated with the company have been fully reflected in its stock price. Additionally, the upcoming results for the developer are expected to show slight improvement, indicating a more favorable outlook.
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Morgan Stanley
Morgan Stanley
upgrade
$NULL
2026-01-06
Reason
Morgan Stanley
Morgan Stanley
Price Target
$NULL
2026-01-06
upgrade
Reason
Morgan Stanley upgraded its view on the Hong Kong real estate sector to "Attractive" due to the expectation that all three sub-sectors—local residential property prices, Central office rents, and local retail sales—will experience positive year-over-year growth for the first time since 2018. The firm is particularly optimistic about the residential property market, followed by office spaces and retail. This positive outlook has led to recommendations for increasing holdings in specific real estate stocks, with target prices set for each.
Morgan Stanley
Morgan Stanley
Equalweight -> Overweight
upgrade
$39 -> $47
2026-01-06
Reason
Morgan Stanley
Morgan Stanley
Price Target
$39 -> $47
2026-01-06
upgrade
Equalweight -> Overweight
Reason
The analyst rating from Morgan Stanley is based on several key factors:
1. Increased Demand from Mainland Buyers: There is an expectation of rising demand for Hong Kong's homes, particularly from buyers in mainland China.
2. Depleting Inventories and Limited Supply: The current inventory of homes is decreasing, and there is limited new supply, which is likely to drive prices up.
3. Falling Interest Rates: Lower interest rates are expected to make borrowing cheaper, further stimulating demand for home purchases.
4. Talent Inflows Driving Rental Performance: An influx of talent is anticipated to boost rental demand, leading to a projected 5% increase in rents, which will enhance yields and investment demand.
These factors collectively support Morgan Stanley's positive outlook on Hong Kong's real estate market, prompting upgrades in ratings and target prices for specific real estate stocks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
