Goldman Sachs: rate-cut circle comes to an end; property dealers may sell at dis

Goldman Sachs pointed out that the several rate cuts still failed to stimulate property demands with weekly housing sales down 25% against 2000. It feared that property dealers would sell housing at a reduction since the rate-cut circle may come to a halt.

However, it said that Cheung Kong (0001) may benefit from holding of Hutchison Whampoa Ltd (0013) and admitted into MSI composite stocks.

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