HONG KONG: Even as Hong Kong stocks tumble, some investors are having a hard time turning down what they see to be a good deal.
Bargain hunters are braving the uncertain outlook in Hong Kong for opportunities to buy stocks on the cheap. The Hang Seng Index fell 1.6% Thursday, trading at just 10 times projected earnings, with about half of its members setting new four-week lows. Shares of commercial landlords like Wharf Real Estate Investment Co. or Link REIT have fallen at least 19% from their peaks this year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!