Investors eyeing HK told to look at firms with asset disposal plans

New benchmark: Investors can benchmark their offices to the winning bid for Murray Road in Hong Kong.

INVESTORS eyeing Hong Kong property stocks should look at companies with asset disposal plans, according to CIMB Research.

The recommendation comes following the recent sale of Murray Road by the Hong Kong government to Henderson Land Development (HLD), the property company owned by one of the country’s wealthiest families.