Salomon upgrades rating Sun Hung Kai Properties as ˇ§leading marketˇ¨

The report issued by Salomon Smith Barney upgraded rating on Sun Hung Kai Properties from ˇ§mediumˇ¨ to ˇ§leadingˇ¨. The report said the stock price had fallen to an attractive level. Despite of sharp fall of property stocks, housing situation did not go worse. Sun Hung Kai Properties was still the first choice of property stocks. US rate-cut range might be lower than expectation but rate period has not finished yet. The stock price of Sun Hung Kai Properties fell to a low level before 0.5% rate cut of January. Absorption can be made.

Related stock : (NIL)