Country / Hong Kong

Hong Kong

Group Research / April 01, 2019

Photo Credit - AFP

Hong Kong
 201620172018e2019f2020f
GDP growth, % YoY2.03.83.32.52.0
CPI inflation, % YoY2.41.52.52.72.5
 Mar-292Q193Q194Q191Q20
Exchange rates, end of period7.857.857.857.847.83
Policy interest rates, end of period
/aics/search.page[Akamai-Origin-Hop] = [3] [User-Agent] = [Mozilla/5.0 ((Windows; U; Windows NT 6.1; fr; rv:1.9.2) Gecko/20100115 Firefox/3.6)] [Connection] = [close] [X-Forwarded-Host] = [www.dbs.com] [Host] = [runtime-prod-01-pwebdsgsmc.sgp.dbs.com:8343] [Accept-Encoding] = [gzip] [True-Client-IP] = [163.172.71.24] [Akamai-Origin-Request] = [1] [Via] = [1.1 v1-akamaitech.net(ghost) (AkamaiGHost), 1.1 v1-akamaitech.net(ghost) (AkamaiGHost), 1.1 akamai.net(ghost) (AkamaiGHost)] [X-Akamai-CONFIG-LOG-DETAIL] = [true] [Cache-Control] = [max-age=21600] [X-Forwarded-For] = [163.172.71.24, 2.17.43.101, 10.86.215.211, 10.89.109.73] [X-Forwarded-Server] = [dbsweb-p00-grp.corp.dbs.com] templatedata/article/region/data/en/AIO/012016/19012016_hongkong.xml.xmlaics/regionHong KongHong Kong Industry InsightsInsightsIndustryView AllRead Morenotaligned63Investment opportunities aplenty for Hong Kong property sector as developers trade at 40% discount to their current NAV estimates. We like New World and Wheelock.Hong KongReal Estate/iwov-resources/aics/images/AICS/AIO/en/052019/190506_insights_thumb_strategy_hong_kong_property_sector.jpg/aics/templatedata/article/generic/data/en/GR/052019/190506_insights_strategy_hong_kong_property_sector.xmlHK Property Sector: Strong response to new launchesMay 06, 2019On the heel of potential implementation of regulatory policies, home prices in Hong Kong are expected to rise by 5%, assuming a resolution in US-China trade disputes.Hong KongReal Estate/iwov-resources/aics/images/AICS/AIO/en/042019/190425_insights_thumb_hong_kong_residential_property.jpg/aics/templatedata/article/generic/data/en/GR/042019/190425_insights_hong_kong_residential_property.xmlHong Kong Residential Property Sector: What lies aheadApril 25, 2019Hotel occupancy in Hong Kong continues to rise despite growth in room supplies as visitation numbers from Mainland Chinese tourist show no signs of abating.Hong KongReal Estate/iwov-resources/aics/images/AICS/AIO/en/042019/190415_insights_thumb_strategy_HK_property_chart_book.jpg/aics/templatedata/article/generic/data/en/GR/042019/190415_insights_strategy_HK_property_chart_book.xmlHK Property Monthly Chart Book: Hotels on growth modeApril 15, 2019Hong Kong Economics InsightsInsightsEconomicsView AllRead Morenotaligned6When will low aggregate balances bite?Hong KongRates/iwov-resources/aics/images/AICS/AIO/en/042019/190410_insights_thumb_low_aggregate_balances_to_gently_lift_hibors.jpg/aics/templatedata/article/generic/data/en/GR/042019/190410_insights_low_aggregate_balances_to_gently_lift_hibors.xmlLow aggregate balances to gently lift HiborApril 10, 2019The labour market has tightened further in February-April 2018 on the back of strong economic conditions. The unemployment and underemployment rates fell to 20-year lows of 2.8% and 1% respectively.Hong KongGDP/iwov-resources/aics/images/AICS/AIO/en/052018/180528_insights_thumb_Hong_Kong_labour_market_tightens_more.jpg/aics/templatedata/article/generic/data/en/GR/052018/180528_insights_Hong_Kong_labour_market_tightens_more.xmlHong Kong: labour market tightens moreMay 28, 2018Hong Kong’s real GDP growth improved to 4.7% in 1Q18 from 3.4% in 4Q17. Yet, spillover risks from external uncertainties warrant concerns. We maintain our GDP growth forecast for 2018 at 3.3%.Hong KongGDP/iwov-resources/aics/images/AICS/AIO/en/052018/180515_insights_image_hk_full_fledged_economic_upturn.jpg/aics/templatedata/article/generic/data/en/GR/052018/180515_insights_hk_full_fledged_economic_upturn.xmlHong Kong’s full-fledged economic upturnMay 15, 2018Hong Kong Economics DailyEconomicsView AllRead Morenotaligned15The real GDP grew by 0.5% YoY in 1Q19, the slowest growth since 3Q09. Yet, it should improve alongside gradual stabilization of the mainland economy.Hong KongEconomics/iwov-resources/aics/images/AICS/AIO/en/052019/190506_economics_thumb_hong_kong_chart_book.jpg/aics/templatedata/article/generic/data/en/GR/052019/190506_economics_hong_kong_chart_book.xmlHong Kong chart book - Gradual improvement in the makingMay 06, 2019The Hong Kong economy has been hit by a super typhoon and Sino-US trade tensions.Hong KongGDP/iwov-resources/aics/images/AICS/AIO/en/112018/181120_economics_thumb_HK_looking_beyond_the_typhoon.jpg/aics/templatedata/article/generic/data/en/GR/112018/181120_economics_HK_looking_beyond_the_typhoon.xmlHong Kong: Looking beyond the typhoonNovember 20, 2018Real GDP growth has slowed to 2.9% YoY in 3Q18 from its robust 4% performance in 1H18. Economic activities halted during super typhoon in September.Hong KongGDP/iwov-resources/aics/images/AICS/AIO/en/112018/181119_economics_thumb_hong_kong_chartbook_increasing_external_headwinds.jpg/aics/templatedata/article/generic/data/en/GR/112018/181119_economics_hong_kong_chartbook_increasing_external_headwinds.xmlHong Kong chart book - Increasing external headwindsNovember 19, 2018Hong Kong EquitiesInsightsEquitiesView AllRead Morenotaligned30Momentum in trade war negotiations and accommodative regulatory policies helped lift Chinese markets. Our top BUYs are quality blue-chip names and top picks in secular growth sectors.Hong KongEquities/iwov-resources/aics/images/AICS/AIO/en/052019/190503_insights_thumb_strategy_hong_kong_monthly_market_pulse.jpg/aics/templatedata/article/generic/data/en/GR/052019/190503_insights_strategy_hong_kong_monthly_market_pulse.xmlMonthly Market Pulse: Gathering strengthMay 03, 2019The HSI rose by 1,119 points or 3.9% to hit 29,466 points during the period from 18 February to 19 March (observation period), a level not seen since late Jun 2018.Hong KongEquities/iwov-resources/aics/images/AICS/ModelPortfolioImages/hk_mp_thumb.jpg/aics/templatedata/article/generic/data/en/GR/000000/000000_insights_hongkong_model_portfolio.xmlHong Kong Model PortfolioMarch 22, 2019Our macro team expects CNY to fall to 6.90 by the year’s end, implying 1% further downside. We also expect HSI to be under further pressure due to escalating trade tensions and weakening CNY.Hong KongEquities/iwov-resources/aics/images/AICS/AIO/en/082018/180803_insights_thumb_CNY_the_culprit_behind_selloff.jpg/aics/templatedata/article/generic/data/en/GR/082018/180803_insights_CNY_the_culprit_behind_selloff.xmlGood Cat Weekly: CNY the culprit behind the sell-offAugust 03, 2018

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