Merrill Lynch advises clients to buy into Singapore's offices

Report from AsiaOne.

Sell office in polluted HK, buy into S'pore, Merrill advises clients

Figures released in a report by China's State Environment Protection Administration confirm that China's pollution problem has worsened this year.


Nov 23, 2006
AsiaOne

The worsening air pollution in Hong Kong has prompted US investment bank Merrill Lynch to advise clients to sell their office there and buy into Singapore's.
'The investment response is clear: Buy (shares in) Singapore office landlords, sell Hong Kong office landlords,' it said in a report released late on Tuesday, which was reported by Reuters and AFP.

The report forecast a 5 per cent decline in Hong Kong office rents next year and downgraded the city's largest landlords, including Hongkong Land, Great Eagle and Hysan Development....Read More....

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