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(From The Standard)
Byline: Louis Beckerling
Bank of China (Hong Kong) shares powered to a fresh post-listing closing high of HK$13.95 yesterday _ up 45 cents, or 3.35 per cent to HK$13.95 _ on accelerating optimism about the outlook for property prices.
If backers of the BOC (HK) share at this price have done their arithmetic correctly, analysts say a 20-25 per cent rise in property prices is in prospect over the next 24 months.
With property-related loans accounting for some 57 per cent of total lending, and a significant portfolio of properties available for sale, the locally-listed unit of the mainland's second biggest lender, the BOC …