1 August 2014 - Cheung Kong Holdings (0001) announced its interim report this week which saw its net profit soar 59 percent in the first six months of the year to HK$21.35 billion from a year ago, beating market expectations.
Cheung Kong Group Chairman Li Ka-shing said in the report that buyer sentiment had recently improved, and construction costs were expected to continue increasing. He also pointed out that policy measures will remain a major factor in determining the direction of the local property market.
Li Ka-shing projected the Fed will suspend its bond-buying program in 4Q. Moreover, he anticipated the interest rate hike will be implemented in a mild manner, thus sustaining the current low interest rate environment.
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