bullish
SKHP, MTR and Henderson Land
SUMMARY
- Here comes HIBOR. Its rise is likely to accelerate and brake illusions of stability brought by the Fixed Exchange Rate.
- While countries have been able to adjust to the economic environment through changes in monetary policy and depreciating currency, Hong Kong fixed exchange rate means the cost of adjustment has to be absorbed elsewhere.
- Asset prices and HIBOR are the safety valve to adjust the imbalances due to fixed exchange rates with no capital control.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x