Da Ma: Cheung Kong (01113.HK) expects the Hong Kong residential property market to have bottomed out and gives it a "synchronized with the market" rating.

According to the Zhixin Finance and Economics APP, Morgan Stanley released a research report stating that at the 24th annual Asia-Pacific summit held recently, the management of Cheung Kong (01113.HK) indicated that they believe the Hong Kong residential market may have bottomed out, with the Centaline City Leading Index rising by 3% year to date, although pricing power has not yet recovered; the office market is expected to take a longer time to recover due to oversupply. Morgan Stanley predicts that due to limited land reserves, Cheung Kong may wait for the right time to launch the "Kwun Tong Floral Sea" project and will lean towards retaining more cash on hand, currently giving it a "synchronize with the market" rating with a target price of 39 Hong Kong dollars.