Hong Kong stock market and real estate market fell Li Ka-shing's net worth fell by 12 percentage
As of January 26, Li Ka-shing's net asset value further fell from US$31.3 billion to US$27.4 billion, a decline of 12.46 percentage points.
Last year was the worst year for the Hong Kong stock market in the past four years. Recently, Forbes announced its 2016 rating, showing that the wealth of Hong Kong richest people, who ranked among the top, shrank significantly due to fluctuations.
As of January 26, 2016 (Yesterday), the top 10 wealth among the top 50 richest people in Hong Kong have further shrunk. It is worth noting that since January, the net worth of the top 10 rich people has fallen andHang Seng IndexThe decline is close. Among them, the most fierce decline isGaoyin Real EstateandGaoyin FinanceChairman Pan Sutong.
Li Ka-shing's net worth fell by 12 percentage
Last year was the worst year for the Hong Kong stock market in the past four years, and the wealth of Hong Kong richest people, who ranked among the top, shrank significantly due to fluctuations.
When Forbes released its 2016 rating,ChangheChairman Li Ka-shing's net asset value decreased by 6.57% from the previous US$33.5 billion to US$31.3 billion, and Li Ka-shing, ranked second, also fell slightly by 4.4% to US$23.9 billion. However, what has attracted much attention is that Gao Yin Pan Sutong, chairman of real estate and Gaoyin Finance, has doubled his net worth from 11th.
However, on January 26, the net worth of Hong Kong rich people further shrank compared with the ranking of the rich people in 2016, and the decline exceeded the decline last year.
As of January 26, Li Ka-shing's net asset value further fell from US$31.3 billion to US$27.4 billion, a decline of 12.46 percentage points, while Li Ka-shing, Guo Bingjiang, Guo Binglian brothers, Guo Bingxiang and other net asset value also fell by about 12 percentage points. Pan Sutong, whose net asset value rose sharply last year A severe blow has caused a sharp drop in net assets to fall by more than 30%.
It is interesting to note that since January, the decline in the net worth of the top ten rich people has been close to the decline in the Hang Seng Index.
On January 26, the Hang Seng Index fell 479.34 or 2.48 percentage points, and finally closed at 18,860.8. If calculated based on the closing price of 21,914.4 on December 31, 2015, the Hang Seng Index fell 13.93 in less than a month. Percentage.
real estateThe impact cannot be underestimated
In addition to stock market fluctuations, the prospects of the real estate industry are also a factor that has a great impact on the wealth of Hong Kong rich people.
Among the top 5 Hong Kong Rich List, although Forbes summarized the main assets of Li Ka-shing and Cheng Yu-tung as diversified, the real estate industry has a large proportion of them, holding Cheung Wah Real Estate andNew WorldDevelopment and other large real estate groups. The main assets of three wealthy people including Li Ka-ji, Guo Bingjiang, Guo Binglian and Liu Jianxiong are all real estate businesses, and their respective owners are Henderson Land.Sun Hung Kai Properties,Chinese home purchasesAnd group.
Among the richest people ranked 6 to 10, Pan Sutong, Wu Guangzheng, Guo Bingxiang and others also focus on the real estate industry. In addition, Lu Zhihe's main asset group isGalaxy Entertainment, but it also has real estate business, while Migo Kadori holds a hotel and energy-based group.
Credit Suisse Group released a report yesterday saying that it is expected that Hong Kong property prices will fall more, 2-hand and first-hand bids will be more conservative, and maintain competitiveness. It is expected that property prices will fall by 15%, 5% and 5% respectively in the next three years. Credit Suisse maintains real estate Development stock "reduced holdings" rating, Hengdi, Kerry,HuidefengThe investment rating is "below the market".
Li Ka-shing said in early January this year that Hong Kong's economic decline this year is currentlyimport and exportIndustry, retail and hotel revenues are all weak. When talking about the property market in Hong Kong, Li Ka-shing said that housing prices depend on the number of willing buyers and the number of houses built, and a balance should be made. If there is demand, the housing market will naturally rise, and the economy will be deteriorated. If the price decreases, the property price will naturally decrease.
However, another thing that attracted attention was the gambling industry, and Hong Kong's gambling industry's wealthy people were represented by Lui Chee-hwa.
Yamato recently publishedResearch ReportIt is pointed out that Macau's gross gambling revenue fell 27% year-on-year to 54.8 billion Macau dollars in the fourth quarter of 2015. It is estimated that VIP room gross gambling revenue fell 40% year-on-year, up 1% quarter-on-quarter, while midfield gross gambling revenue fell 11% year-on-year. Percentage, flat quarter-on-quarter. Yamato expects that Macau's gambling industry's EBITDA fell 23% year-on-year and rose 3% quarter-on-quarter in the fourth quarter. Yamato said in the report that in the fourth quarter of last year, Galaxy Entertainment's performance will outperform the market, It is expected that its EB ITDA will rise by 12% quarter-on-quarter. The reason why GEG is outstanding is that it will change its business focus from VIP room to midfield business.
Some investment banks believe that the gaming industry may bottom out in 2016. According to securities firms, in the first half of 2016, it is expected that the number of passengers from the mainland will be close to the upper limit, which has led to the Macau government's intention to limit the number of passengers. It is expected that as the number of hotel rooms soars by 21.5 percentage , occupancy rates continue to decline while lower housing prices attract more household-based and non-gambling tourists. In addition, if the RMB continues to depreciate, the government will introduce new policies to control RMB outflows, putting more pressure on the VIP branch.
