UBS released a research report detailing its survey on Hong Kong investment and consumption intentions, revealing that residents' overall sentiment was more cautious than anticipated. While the financial situation of respondents remained largely stable over the past 12 months, the number of respondents holding a positive view on Hong Kong's economic prospects for the next 12 months has decreased, which has curbed consumption willingness; investment appetite, however, has generally held steady.

The survey also found that the issues of most concern to respondents include rising living costs and job security. The bank believes that the positive momentum in Hong Kong's financial sector should provide support for the overall economy and labor demand; coupled with the positive wealth effect from the robust performance of Hong Kong and A-shares, there is still room for an improvement in resident confidence by 2026.

The bank reiterated its positive outlook on the property and financial sectors. It removed HENDERSON LAND (00012) from its Hong Kong Top Picks list, replacing it with SINO LAND (00083) due to the latter's higher dividend visibility. Other stocks remaining on the list include AIA (01299), SWIREPROPERTIES (01972), GALAXY ENT (00027), and WYNN MACAU (01128).