HK's property developers are locked in a price war as measures to cool its expensive real estate markets force them to impose discounts to hit sales targets.» Read More
HONG KONG, Oct 29- Hong Kong shares fell on Monday as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks. The China Enterprises Index of the top Chinese listings in Hong Kong was up 1 percent.
HONG KONG, Oct 24- Mainland Chinese shares rose on Wednesday, outperforming most Asian peers and lifting the Hong Kong market to just short of a year-high after a survey of purchasing managers showed China's economy making a steady recovery. The China Enterprises Index of the top Chinese listings in Hong Kong was down 0.4 percent.
HONG KONG, Oct 12- The billionaire Kwok brothers' corruption trial was adjourned on Friday until January to allow the prosecution more time to gather evidence in Hong Kong's highest-profile graft case in decades.
HONG KONG, Oct 11- Hong Kong shares ended higher on Thursday on the back of strength in Chinese banks and infrastructure stocks on hopes of stimulus measures, while local property developers were hit by profit-taking following their recent outperformance.
HONG KONG, Oct 8- These are some of the leading stories in Hong Kong newspapers on Monday. --A four-year-old boy visiting Hong Kong from Saudi Arabia is sick in Queen Mary Hospital with a Sars-like virus suspected to be the same one that emerged in the Middle East last month.
HONG KONG, Oct 3- These are some of the leading stories in Hong Kong newspapers on Wednesday. --Sun Hung Kai Properties Ltd has sold about 700 units at its new residential project, Century Gateway, in Tuen Mun for HK $5 billion, said deputy managing director Victor Lui.
Anthonia Hui, CEO of Al Wealth Partners says that patriarchs should be running their businesses professionally rather than sticking solely to dynastic successions. She explains why.
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
Francis Lun, Managing Director, Lyncean Holdings says despite the personal sideshows behind Sun Hung Kai, the company remains solid as it continues to sell at premiums to the market.
Adrian Ngan, Executive Director, Real Estate Sector, Citic Securities explains why he remains positive on Sun Hung Kai Properties despite the graft scandal.
Peter Churchouse, Chairman & MD, Portwood Capital says the appointment of Adam Kwok, the son of Thomas Kwok, and Edward Kwok, the son of Raymond Kwok as alternate directors to their fathers will cast some doubt for investors.
While the corruption case against the joint chairmen of Asia’s biggest developer Hong Kong’s Sun Hung Kai Properties will lead to share price volatility over the next 12 months, analysts say the company remains a buy based on its high-quality asset base and solid income stream.
Shares of Sun Hung Kai Properties, Asia’s largest real estate developer, tumbled 12 percent on Friday after the company’s billionaire owners were arrested on suspicion of corruption.
Asian markets fell on Wednesday after China's central bank raised interest rates for the second time in just over six weeks to rein in stubbornly high inflation. Chinese property and resource counters remained under pressure.
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CNBC asked the pros for their investing advise in this kind of market. Here's a sampling of what they had to say.
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