Stay Up to Date with Robin's Market Updates

By providing us your personal data (i.e. name, email address and phone number), you acknowledge and consent to our collection of your personal data for the purposes listed below: • Sending you marketing, advertising or promotional materials related to the content of this website, whether by call, text or email; • Provision of products & services which you have requested for. Please note that you are entitled to withdraw your consent for the collection of your personal data at any point in time by clicking on the "unsubscribe" link in the emails you receive. You may also contact us via robinhosa@phillip.com.sg

Tuesday, August 21, 2018

Hang Seng Property Index - The Fundamentals and Technicals are pointing to a Impending Crash !

For the last 30  years , the Hang Seng Property index has experienced 2 Big Crashes in 1997 and 2008.. From my Chart, after nearly 10  years of uptrend since 2009 the index has reached a multi year peak and is about to experience another major crash. This could come in the next 6 months. The Fundamentals for such a crash is also in place with rising interest rates, slowing economy and a depreciating Chinese Yuan . From 2005-2006 period property price correction was triggered by mortgage rate hike, in 2008 it was caused by economic downturn due to the global financial crisis and in 2015-2016 period it was due to Chinese yuan depreciation. All the headwinds are now in playto trigger yet another property crash. This blog is bearish on Country Garden, SHKP and Sino Land.
All posts and charts are for educational and illustration purposes only

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.