瑞银发表研报指，去年具有资本循环计划（置地、太古）及可持续高股息收益率（嘉里、恒地）的股票表现优于市场，预计今年亦将出现类似的趋势。瑞银解释，持续的高股息收益率及潜在的股票回购，可以在利率及宏观不确定性中提供下行保护。另外，人民币贬值或会对内地曝险较大的股票及香港零售业主造成不利影响。并认为持续的财政赤字或会推动对住宅市场的进一步政策支持。相反，若港府削减开支，导致收入增长严重受阻，则可能对香港消费和购屋情绪造成下行压力。住宅市场方面，瑞银将今年香港楼价预测从0%至5%的升幅下调至持平，以反映美国大选后可能减少的减息次数，并相信人口流入将推动住宅租金上升。瑞银表示，今年继续看好嘉里建设、太古地产及恒地，同时对港铁、希慎兴业及九龙仓置业保持审慎看法。

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