Hong Kong property developers are anticipated to report improved earnings for the first half of the year, driven by a significant rebound in home sales and better development margins. Analysts from Bank of America Global Research project an average core net profit growth of 8% year-on-year for the sector, excluding New World Development. This recovery is supported by a substantial increase in new-home registrations, reaching the highest first-half total in 22 years, and a notable rise in secondary home sales volume. AI
RANK_REASON The article discusses financial projections and market trends for Hong Kong property developers, rather than a specific AI-related event.
- Bank of America Global Research
- Citi Research
- Hong Kong
- Karl Choi
- Merrill Lynch (Hong Kong)
- New World Development Company Limited
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