Real Estate shares run the big city Credit Suisse maintain reduction rating

The Hang Seng index rose 1.21% to 18276.17, trading at HK $21.398 billion; Credit Suisse maintains a rating on Hong Kong's property stocks, which means that prices are now only 10% below their 08 peak, and that growth in the housing market is expected to begin to slow, especially if the real economy remains sluggish. The bank added that real estate prices are expected to fall by 5% in 09. Given the recent strength of property stocks, it is time to take profits from property stocks and vomit.　　Property stocks are expected to call a pullback of 15% to 20%. Stocks, to maintain the 00683-hk of Kerry Construction (and 00083-HK) and the loss of the big city rating.　　Add that companies that are bullish on low beta values, such as the Hong Kong Railway Corporation (00066-HK), the Kowloon Warehouse (00004-HK) and the Eagle King Group (00041-HK). Letter and Property fell 2.9%, Henderson Real Estate fell 0.44%, the new World development fell 1.49%, Kerry construction rose 0.75%, the Yangtze River industrial rose 1.2%.