1Q Results Show Strong Office and Recovering Retail
Swire Property has reported first-quarter 2017 operating results. In Hong Kong, the office portfolio continued to perform well, in line with our...
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Last Week, in Event SPACE (15 May 2017)
In this note, Obayashi Road Corp (1896 JP) received an underwhelming offer; Television Broadcasts Ltd (511 HK) obtains the necessary buyout waiver...
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The Market Sentimentalist: Global Real Estate – Where Are The Risks Residing?
Summary: Housing has several characteristics that mean it is almost perfectly designed to be prone to bubble-like behaviour. By definition a bubble...
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Swire Properties' Full-Year Results a Miss, but Future Growth Intact
Swire Properties reported full-year core earnings of HKD 7.1 billion, up 1% year on year, but 7% below our estimate. The shortfall was due to a...
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Wheelock – Evaluating Wharf's Proposed IP In-Specie
Wharf Holdings Ltd (4 HK) closed up 8.67% on Friday in response to comments from management at the FY16 results briefing as to a possible spin-off...
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