Reported about 11 hours ago
Morgan Stanley has downgraded Sino Land from Overweight to Equal Weight, setting a new price target of HK$8.60, down from HK$9. This adjustment reflects the company's updated ratings within the Hong Kong property market, which has seen a 30% decline in prices since its peak five years ago. Analyst Praveen Choudhary suggests that several indicators hint at a potential market bottom, presenting investors with a possible steady cycle ahead.
Source: YAHOO