[ 收藏 ] [ 打印 ] [ 关闭 ]
Property Press Briefing
发布时间:2020-6-30 16:42:40 来源:

Sales commentary, not BofA research

 

Headlines

l  Y’day: NKY -2.3%, HSI -1.01%, SHCOMP -0.61%, KOSPI -1.93%

l  Overnight: Dow +2.32%, SPX +1.47%, Nasdaq +1.2%

l  US: Suspends Some Trade Benefits to HK, Ross Says

l  Pentagon lists 20 firms it says are govt/military-controlled, 1st time CN datacenter leader Inspur named

l  US: Simon Property rallies 10% a/f update on reopening

l  UK:  PM Johnson - Govt will back higher infrastructure spending

l  HK: CEO Lam - Wealth mgmt connect shows china has HK's back

l  India-CN: TikTok, 58 Chinese Apps Banned by India on Security Concerns

l  Japan: May industrial output -8.4% m/m; est. -5.9%

l  Japan:  adds 18 more countries to entry ban on virus

l  Thailand: Will extend state of emergency, PM says

l  AU: GMG AU JV gets pre-commitment for 20yrs lease w/ Amazon in Western Sydney, >2m ft2

l  NZ: PM Ardern says its untenable to open up border to covid-19

No Daily tomorrow given it’s a holiday in HK

 

Finally: Chinese ride-hailing giant Didi Chuxing launches pilot self-driving robotaxi service in Shanghai. Using the new app, passengers can take free rides in autonomous vehicles w/in designated open-traffic areas in Shanghai’s Jiading District as part of the pilot phase of the project.  AI in transportation will no doubt revolutionise the safety & efficiency of the urban transit system,” said Cheng Wei, founder & CEO. In addition to mandatory safety drivers in the vehicles to assist in emergency situations, Didi has deployed what it says is the country’s 1st safety control centre for real-time vehicle & road condition monitoring & enhanced remote control assistance. The centre is designed to handle future large-scale autonomous fleet operations, the co said.  Globally, the mkt is projected to be worth US$65.3b in 2027, according to a report from Mkt Research Future. (SCMP)

 

China

 

 

PBOC, HKMA, Macau MA jointly announced trial of “Wealth Management Connect”: qualified residents of 9 Guangdong provincial cities in GBA can buy qualified wealth products sold by financial institutions in HK / Macau & vice versa,  Investment is subject to individual & overall quota.

Longfor:  Madam Wu Hands Family Office to Her Daughter Rita Zhang (Wu Capital)

ESR acquires 3 prime logistics properties in jiangsu, china

China Logistics property offers $100m 6.95% 2025 conv. bonds. Initial conversion price hk$3.19 each

Invsmt into RE devt in Shenzhen 17%YoY in Jan-May. (SCMP)

53 cities in China revised up max payments of Home Provident Fund, many cities allowed 1yr delays for the payments of HPF.

New home sales volume in 17 major cities 8.8%YoY last wk (-7% Tier 1 cities, +12.8% in Tier 2 cities), per Soufun. (CREIS)

Evergrande launched 14 projects & posted Rmb18b contracted sales on 27 Jun (Sina)

Times Neighborhood acqd 51% Shanghai Kejian Prop Services for Rmb234m. Shanghai Kejia specialized in logistic RE prop mngt w/ AUM 16m m2. (Co)

Chinese online property site Beike seeks $2bn in NY IPO. (Nikkei)

Greentown Mgt to raise $185m in HK IPO @ HK$2.20-HK$3/sh. Proceeds for scaling up the biz, devt of commercial project mngt, repay indebtedness to Greentown China Rmb540m, GCP. (Sina)

Shimao Group proposes to spin off prop mgmt unit on HKEX. (Co)

China Vanke / SZMC 50:50 infra JV, to accelerate “railway+prop” model. (Co) Vanke to invest RMB500m

R&F’s Chairman received court order restricting his spending, but then quickly resolved (The paper)

Hong Kong/Macau

HK govt anncd 3Q land sale program, involve 3 resi site (incl LOHAS Park Package 13) (2,550 units) + 2 commercial sites in Central & Tung Chung. (Gov)

New World Devt disposed 45% stake in a co owns some props @ Shun Tak Center for HK$2.36b ($305m) + 8 Kwai Fong serviced apt for HK$1.21b. Co disposed non-core assets of >HK$10b in fiscal 2020, plans to dispose >HK$15b non-core assets in medium term to strengthen cash position. (Co)

CKA prices 4th batch of 143 units in Sea To Sky resi project, price HK$14,811-18,716/ft2. (HKET)

Singapore

Singapore & Malaysia to create rules for cross-border travel. (Biz Times)

Singapore to see fuller transition to use alter benchmark rate SG Overnight Rate Avg nxt yr. (Biz Times)

CapitaLand actively looking for invsmt opportunities, per CEO Lee Chee Koon. Lee doesn’t xpct WFH trend due to the virus outbreak will affect demand for office space. (Biz Times)

A freehold resi prop in Mount Emily Rd for sale by tender @ guide price S$24m, S$1,485/ft2. (Biz Times)

EHT launches forensic a/cing probe into sponsor; issues default notices to lessees. (Biz Times)

Dasin Retail Trust raised S$94m by placement @ S$0.78/unit. (Biz Times)

Singapore Press Hldgs / Keppel's subsidiaries JV to devp & operate data-centre in Genting Lane. (Biz Times)

Mapletree Industrial Trust receive in-principle approval for listing of ~146m new units to private placement, to raise gross proceeds of no <S$350m. (Co)

Australia / New Zealand

Brickworks Says JV W/ Goodman Secures 20yr Amazon Lease (Bloomberg) - 50:50 JV b/w Brickworks:GMG. 26m high-bay facility, 3 mezzanine lvls = 191,170m² />2m ft2 of usable floor space

Dexus sells 45 Clarence St A-grade office twr in Syd for A$530m, 28lvl, 32,000m2. (Prop Observer)

Crown to open Eastlakes Live shopping centre phase 1, Syd by mid-21. 2,800m2, cost A$30m. (Edge Prop)

Japan

Japan retail sales 12.3%YoY in May. (Straits Times)

CBRE global investors sold 5.6m ft2 Japan logistics portfl for ¥140b to some individual buyers. (Mingtiandi)

India

Housing sales 49% in 1H20 vs 2H19 to 57,940 units, per Anarock Prop Consultants. (Mint)

Philippines

Megaworld 1Q net profit 9%YoY to P3.5b. Cuts 2020 Capex to P36b from P60b. (Inquirer)

Thailand

Supalai bought back 190,300 shrs at Bt15.9-16.2/sh for Bt3m on Jun 29. (Co)

 

 

* My pa holdings: BAC US, 1 HK, 6 HK, ST SP

Sarah Cooper

Managing Director

Global Head, Real Estate Equity Sales
BofA Securities
55/F Cheung Kong Center, 2 Queen's Road Central, Hong Kong

T 852.3508.4938 M 852.9301.1149
sarah2.cooper@bofa.com

Bank of America Securities logo

 

https://www.bofaml.com/en-us/content/baml-disclaimer.html

标题 日期 阅读/下载
  Property Press Briefing 2020-6-30
[ 收藏 ] [ 打印 ] [ 关闭 ]