0815 GMT - Hong Kong-listed property companies are likely to return to growth in the coming years as they pare down debt and see better sales, say Citi analysts in a note. Several developers have been aggressive in reducing their overall indebtedness over the past three years through asset disposals and operating cashflow surpluses, analysts Griffin Chan and Cindy Li note. These companies are also cutting capital expenditure following the completion of major asset enhancement works and new projects, the analysts say. "With a leaner balance sheet... [Hong Kong] property names are well-prepared to begin anew and seek new growth," they say. Citi's top picks include Hysan Development, Hang Lung Properties and Sun Hung Kai Properties. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 13, 2025 03:15 ET (08:15 GMT)
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