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英皇(00163.HK):国际息率吸引

00163.HK: international interest rate attraction

金利豐證券 ·  Aug 1, 2013 00:00  · Researches

The number of passengers visiting Hong Kong has increased substantially in recent years, and rents have increased in recent years. In terms of rents per square foot, Russell Street is the most expensive street in the world. Royal International (163) has a number of retail outlets in Shanghai and Tsim Sha Tsui. As of the end of March this year, the overall occupancy rate exceeded 99%, and the annual rental income recorded an increase of 28%. This year, the number of units has increased. The renovation of the The Pulse mall in Lishui will be completed soon, and a number of projects in the mainland and Macau will also be started, which will be able to support rent hikes for a long time. The acquisition of the Wing Hang Financial Centre in Tai Tsai earlier on is mainly optimistic about the future development of the area and has a positive impact on business.

The collection company has actively expanded its property development in recent years. No.1, Hong Kong 18, 98 Jardine Road and the Crown Prince have been delivered to the customer. During the period, the division's profit increased by 870 times to 1.5 billion yuan, and the income increased by 3.7 times to 3 billion yuan year-on-year. At present, other property development projects are in good progress, of which the land development project at Tuen Mun is scheduled to be completed in 2015. The Hong Kong Government has implemented regulations on the sale of new homes, and trading in the local market has been slow. However, the supply of housing in Hong Kong is limited, and there is room for a sharp drop in housing supply. The equipment of collective land is small, but new land can be created from time to time, the activity of land is very high, and the impact of related measures on it is limited.

Jishi pays a dividend of 10.9 cents for the whole year, an increase of 6.9% on an annual basis, and the interest rate is about 5%, which is still attractive to some extent. On the way up, it fell to a low of 1.90 yuan on June 25 and gradually rose, but there was a clear resistance to 2.20 yuan. STC and 14 RSI did not see a clear backlash. They can take an exam of 2.10 yuan and look up to 2.40 yuan.

The translation is provided by third-party software.


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