JP Morgan: Real estate stocks have a great opportunity for profit rebound this fiscal year, developers prefer SINO LAND (00083).

JPMorgan Chase released a research report stating that the performance period for Hong Kong property stocks will begin at the end of January. Although the bank expects the profits of most companies to continue to decline, the improvement in the Hong Kong residential market will have limited impact on the financial statements for the 2025 fiscal year. However, the bank believes that the upcoming performance may represent a low point for most companies, with a great opportunity for profit rebound in the next fiscal year. In terms of preferred stocks, the bank favors rental stocks (shopping malls/office buildings) HANG LUNG PPT (00101) and SWIRE PROPERTIES (01972). For developers, SINO LAND (00083) is preferred. The bank also has a positive view on property management companies, but recommends waiting for a better entry point.