Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Macau Property Opportunities Fund Ltd - Macau, China-focused investor - Says it is ‘cautiously optimistic’ for improved investor sentiment, despite ‘sluggish’ property sector amid higher interest rates and post-Covid recovery in China. Looking ahead, Macau’s gross domestic product has been forecast to grow by 27% in 2024, according to the International Monetary Fund. ‘This could provide a much-needed boost to the market, as Macau’s interest rates are set with reference to US rates,’ says the firm. Looking ahead, Macau Property will focus on the divestment of its portfolio and debt reduction.
Current stock price: 38.00 pence, up 1.3%
12-month change: down 26%
Copyright 2024 Alliance News Ltd. All Rights Reserved.