Sun Hung Kai Properties Ltd
00016: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %%Y | LOCK|Q?^ | LOCK|&M#^c%% |
Hong Kong Developers: Low Hibor Unlikely to Persist but Should Support Near-Term Property Sales
The one-month Hong Kong Interbank Offered Rate fell to 0.54% on June 16 from a high of 4.06% on April 29. According to CBRE, this brings effective mortgage rates below 2.4%, indicating a positive carry for most residential properties based on gross yield.
