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2009-7-6 12:02:00 p.m. HKT, XFNA
DJ MARKET TALK: MS Has Measured Optimism For HK/China Ppty Mkt
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| 1148 [Dow Jones] "Measured optimism" in air for HK, China property markets, says Morgan Stanley, adding continued improvement in operating environment, as reflected by equity market, is "well justified." House says transaction levels remain robust despite seasonally slow month of June. Adds, price increases so far have been modest but may pick up in later months as availability of units for sale decreases. Tips most upside potential in Sun Hung Kai Properties (0016.HK) as a HK asset inflation play. In China, house favors CR Land (1109.HK), R&F (2777.HK) among large caps; also likes Agile (3383.HK) with Hainan project sales beating all expectations. (SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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