0734 GMT - Higher odds of U.S. Fed rate cuts could bode well for Hong Kong property stocks, CGS International analyst Raymond Cheng writes in an email. U.S. core CPI for December rose 0.2% on month and 3.2% on year, notching the first slowdown in the past six months, he says. The lower-than-expected print led to a sharp drop in U.S. treasury yields overnight, and may signal a higher likelihood of a cut, he adds. That could benefit Hong Kong property stocks as lower Fed rates could translate into lower borrowing costs and make property loans more affordable. The brokerage stays overweight on Hong Kong property stocks with a preference for Sun Hung Kai Properties. It also likes Link and Kerry Properties for their strong dividend yield.s(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
January 16, 2025 02:35 ET (07:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。