In today’s briefing:
- HK Strategy: Rate Cut Beneficiaries – Fixed & Floating Rate Debt Analysis
HK Strategy: Rate Cut Beneficiaries – Fixed & Floating Rate Debt Analysis
- With the US interest rate heading lower, the HSI constituent companies with the highest gearing levels are the prime beneficiaries as their interest burden will lessen.
- Sands China (1928 HK), while it has the highest leverage, is not a near-term gain. This is because its debt structure with 100% fixed rate borrowings.
- Based on the gearing level, floating rate proportion, and YTD performance, New World Development (17 HK) and Hang Lung Properties (101 HK) are the two potential best bets.
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