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What To Do Now As Nvidia Rebounds; Is Nvidia A Buy Now?
LeeKenny
2021-06-28
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article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/294452000465096","repostId":"1108600956","repostType":2,"repost":{"id":"1108600956","kind":"news","pubTimestamp":1712905200,"share":"https://ttm.financial/m/news/1108600956?lang=&edition=fundamental","pubTime":"2024-04-12 15:00","market":"us","language":"en","title":"What To Do Now As Nvidia Rebounds; Is Nvidia A Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1108600956","media":"Investor’s Business Daily","summary":"Those who still hold Nvidia may be asking themselves, what is an exit strategy as Nvidia struggles to get past the 900 level?Meanwhile, the stock rebounded from a key level on Wednesday that gave a new entry and is slightly extended on Thursday.There are two options for those holding the stock: Wait while the stock forms a base and add more at a proper buy point, or trim the holdings if the stock breaks a key support level such as the 50-day moving average.Meanwhile, there are plenty others watc","content":"<html><head></head><body><p>Those who still hold Nvidia may be asking themselves, what is an exit strategy as Nvidia struggles to get past the 900 level? Meanwhile, the stock rebounded from a key level on Wednesday that gave a new entry and is slightly extended on Thursday.</p><p>There are two options for those holding the stock: Wait while the stock <strong>forms a base</strong> and add more at a proper <strong>buy point,</strong> or trim the holdings if the stock breaks a key support level such as the <strong>50-day moving average.</strong></p><p style=\"text-align: start;\">Meanwhile, there are plenty others watching from the sidelines, waiting for a chance to buy. The fear of missing out is a powerful emotion and <strong>can lead to poor decisions</strong>. All this begs the question, <strong>is Nvidia a buy now?</strong></p><h2 id=\"id_1416072987\" style=\"text-align: start;\">Nvidia Offers New Base, Buy Point</h2><p style=\"text-align: start;\"><strong>Nvidia</strong> (<strong>NVDA</strong>) appears to be forming a base and the next possible entry could be 967.66 or 974. A clear base with a proper breakout would make Nvidia a buy again.</p><p style=\"text-align: start;\">Meanwhile, Nvidia's chart shows that its <strong>relative strength line,</strong> which compares stock performance to the S&P 500, is flattening.</p><p style=\"text-align: start;\">On Wednesday, however, shares found support at the 10-week moving average and pared some of Tuesday's losses after investors reacted to <strong>Alphabet's</strong> (<strong>GOOGL</strong>)<strong> new AI chips</strong>. The rise from the support level offered a new entry around 840. The stock is more than 5% above that level, leaving it extended for now.</p><p style=\"text-align: start;\">Shares are extended from a <strong>breakout</strong> in January from a <strong>buy point</strong> of 505.48.</p><p style=\"text-align: start;\">In late March, shares got a boost as the Nvidia GTC conference for AI developers took place. That was after a huge run of 239% in the stock in 2023. The stock is up 75% so far this year.</p><p style=\"text-align: start;\">Chief Executive Jensen Huang discussed the artificial intelligence leader's new chip, Blackwell, at the company's recent AI developer conference. The <strong>new AI chip</strong> will accelerate computing and will be available through several Nvidia partners later in the year.</p><h2 id=\"id_3887851469\" style=\"text-align: start;\">Analysts' Bullish Price Targets For Nvidia</h2><p style=\"text-align: start;\">After the March conference, UBS analyst Timothy Arcuri increased Nvidia's target price to 1,100 from 800 while maintaining a buy rating.</p><p style=\"text-align: start;\"><strong>Arcuri said</strong> that following the Blackwell launch, "We believe Nvidia sits on the cusp of an entirely new wave of demand from global enterprises and sovereigns — with each sovereign potentially as big as a large U.S. cloud customer."</p><p style=\"text-align: start;\">Ahead of the conference, Truist analyst William Stein raised his price target on Nvidia to 1,177 from 911. He sees stronger demand in 2024 and 2025 for Nvidia's chips. Analysts at HSBC also increased their price target, going to 1,050 from 880. Both Truist and HSBC maintained a buy rating on the stock.</p><p style=\"text-align: start;\">Analysts at Bank of America also recently <strong>raised their price target</strong>, going to 1,100 from 925.</p><h2 id=\"id_4139174025\" style=\"text-align: start;\">Nvidia Stock: A Beat-And-Raise Fourth Quarter</h2><p style=\"text-align: start;\">Nvidia delivered yet another <strong>beat-and-raise quarter</strong> in February. Earnings of $5.16 a share on sales of $22.1 billion beat fourth-quarter views of $4.59 and $20.4 billion, respectively.</p><p style=\"text-align: start;\">Earlier, the company said the limited supply of AI chips was the biggest challenge to growth. Customers may also wait for the next-generation B100 chip that is expected in the coming quarters. <strong>Baird analysts</strong> recently said this was a good thing. B100 chips will have better performance and will likely have a higher average selling price, analysts said.</p><p style=\"text-align: start;\">The maker of AI chips also disclosed its <strong>recent stakes in several smaller AI plays</strong> in a filing with the Securities and Exchange Commission.</p><h2 id=\"id_1931660483\" style=\"text-align: start;\">Nvidia Stock's Blockbuster Results</h2><p style=\"text-align: start;\">Nvidia's current stock move traces back to late 2023. At that time, shares <strong>broke out</strong> of a double-bottom base with a <strong>buy point</strong> of 476.09 in strong <strong>volume</strong> ahead of third-quarter results in November.</p><p style=\"text-align: start;\">A week before reporting the results, Nvidia announced at the SC23 supercomputing conference in Denver a new artificial intelligence computing platform and an advanced <strong>data-center chip</strong>.</p><p style=\"text-align: start;\">Despite a blockbuster quarter, shares fell after the earnings report but found support at the <strong>50-day moving average</strong>. That allowed the stock to form a <strong>flat base</strong> with a <strong>buy point</strong> of 505.48. The company said profits came in at $4.02 a share.</p><p style=\"text-align: start;\">That came on sales of $18.12 billion for the period ended Oct. 29. Analysts polled by FactSet had expected earnings of $3.37 a share on sales of $16.19 billion.</p><p style=\"text-align: start;\">Compared with the year-ago quarter, <strong>Nvidia earnings</strong> soared 593%, while sales saw a 206% spike.</p><p style=\"text-align: start;\">Demand from data centers was the chief reason. Nvidia's data-center sales jumped 279% from the year-earlier period to a record $14.51 billion. Data-center sales also increased 41% from the second quarter.</p><h2 id=\"id_1404201899\" style=\"text-align: start;\">AI Products Drive Growth</h2><p style=\"text-align: start;\">Nvidia has earned a reputation for being a trailblazer. The company was an early pioneer in the graphics processors that many say drastically improved computer gaming. Along with gaming, Nvidia chips now are used in such industries as health care, automobiles and robotics.</p><p style=\"text-align: start;\">In March 2023, generative AI took a leap forward with OpenAI's ChatGPT. According to the company, Nvidia's AI-capable supercomputer paved the way for the "iPhone moment of AI."</p><p style=\"text-align: start;\">That helped Nvidia turn the tide on its results. It reported three quarters of declining year-over-year sales and four quarters of tapering earnings. But then the company achieved record top- and bottom-line growth in the two most recent quarters.</p><p style=\"text-align: start;\">Overall worldwide AI chip revenue will grow 26% from $53.4 billion in 2023 to $67.1 billion in 2024, according to a <strong>recent report</strong> from research firm Gartner. That is set to double by 2027 to $119 billion</p><p style=\"text-align: start;\">Nvidia's graphic processing units help accelerate computing in data centers and AI applications.</p><h2 id=\"id_2469884262\" style=\"text-align: start;\">Top Ratings For Nvidia</h2><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e357adbb495f677cd252330e4a5ff24f\" tg-width=\"1207\" tg-height=\"628\"/></p><p>Nvidia stock shows exceptional technical strength and boasts a best-possible score of 99 on both its <strong>Composite Rating</strong> and <strong>EPS Rating</strong>. Its <strong>Relative Strength Rating</strong> of 98 also shows that it outperforms the vast majority of stocks in the Investor's Business Daily database.</p><p style=\"text-align: start;\">Nvidia also is one of the Magnificent Seven stocks that led the 2023 stock rally. The other stocks are <strong>Apple</strong> (<strong>AAPL</strong>), <strong>Microsoft</strong> (<strong>MSFT</strong>), <strong>Alphabet</strong> (<strong>GOOGL</strong>), <strong>Meta Platforms</strong> (<strong>META</strong>), <strong>Tesla</strong> (<strong>TSLA</strong>) and <strong>Amazon</strong> (<strong>AMZN</strong>). Some of these tech titans are customers that rely on Nvidia's advanced chips. Nvidia is also one of the "<strong>Magnificent Seven of 2024</strong>."</p><p style=\"text-align: start;\">Nvidia stock currently <strong>ranks first</strong> in the fabless semiconductor group, which holds fifth place among IBD's 197 industry groups. The AI stock frequently appears on the <strong>IBD 50</strong>, IBD Sector Leaders and <strong>Tech Leaders</strong> lists. Further, the stock is on <strong>IBD Leaderboard.</strong></p><h2 id=\"id_1100559277\" style=\"text-align: start;\">Is Nvidia A Stock A Buy?</h2><p style=\"text-align: start;\">The stock holds an <strong>Accumulation/Distribution Rating</strong> of B-. That shows strong interest among institutional buyers over the last 13 weeks.</p><p style=\"text-align: start;\">Nvidia stock is not a buy right now because it is extended from support at the 10-week moving average. However, shares appear to be forming a base that could be in place by week's end.</p></body></html>","source":"lsy1671069246760","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What To Do Now As Nvidia Rebounds; Is Nvidia A Buy Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat To Do Now As Nvidia Rebounds; Is Nvidia A Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 15:00 GMT+8 <a href=https://www.investors.com/research/nvda-stock-is-nvidia-a-buy/><strong>Investor’s Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Those who still hold Nvidia may be asking themselves, what is an exit strategy as Nvidia struggles to get past the 900 level? Meanwhile, the stock rebounded from a key level on Wednesday that gave a ...</p>\n\n<a href=\"https://www.investors.com/research/nvda-stock-is-nvidia-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.investors.com/research/nvda-stock-is-nvidia-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108600956","content_text":"Those who still hold Nvidia may be asking themselves, what is an exit strategy as Nvidia struggles to get past the 900 level? Meanwhile, the stock rebounded from a key level on Wednesday that gave a new entry and is slightly extended on Thursday.There are two options for those holding the stock: Wait while the stock forms a base and add more at a proper buy point, or trim the holdings if the stock breaks a key support level such as the 50-day moving average.Meanwhile, there are plenty others watching from the sidelines, waiting for a chance to buy. The fear of missing out is a powerful emotion and can lead to poor decisions. All this begs the question, is Nvidia a buy now?Nvidia Offers New Base, Buy PointNvidia (NVDA) appears to be forming a base and the next possible entry could be 967.66 or 974. A clear base with a proper breakout would make Nvidia a buy again.Meanwhile, Nvidia's chart shows that its relative strength line, which compares stock performance to the S&P 500, is flattening.On Wednesday, however, shares found support at the 10-week moving average and pared some of Tuesday's losses after investors reacted to Alphabet's (GOOGL) new AI chips. The rise from the support level offered a new entry around 840. The stock is more than 5% above that level, leaving it extended for now.Shares are extended from a breakout in January from a buy point of 505.48.In late March, shares got a boost as the Nvidia GTC conference for AI developers took place. That was after a huge run of 239% in the stock in 2023. The stock is up 75% so far this year.Chief Executive Jensen Huang discussed the artificial intelligence leader's new chip, Blackwell, at the company's recent AI developer conference. The new AI chip will accelerate computing and will be available through several Nvidia partners later in the year.Analysts' Bullish Price Targets For NvidiaAfter the March conference, UBS analyst Timothy Arcuri increased Nvidia's target price to 1,100 from 800 while maintaining a buy rating.Arcuri said that following the Blackwell launch, \"We believe Nvidia sits on the cusp of an entirely new wave of demand from global enterprises and sovereigns — with each sovereign potentially as big as a large U.S. cloud customer.\"Ahead of the conference, Truist analyst William Stein raised his price target on Nvidia to 1,177 from 911. He sees stronger demand in 2024 and 2025 for Nvidia's chips. Analysts at HSBC also increased their price target, going to 1,050 from 880. Both Truist and HSBC maintained a buy rating on the stock.Analysts at Bank of America also recently raised their price target, going to 1,100 from 925.Nvidia Stock: A Beat-And-Raise Fourth QuarterNvidia delivered yet another beat-and-raise quarter in February. Earnings of $5.16 a share on sales of $22.1 billion beat fourth-quarter views of $4.59 and $20.4 billion, respectively.Earlier, the company said the limited supply of AI chips was the biggest challenge to growth. Customers may also wait for the next-generation B100 chip that is expected in the coming quarters. Baird analysts recently said this was a good thing. B100 chips will have better performance and will likely have a higher average selling price, analysts said.The maker of AI chips also disclosed its recent stakes in several smaller AI plays in a filing with the Securities and Exchange Commission.Nvidia Stock's Blockbuster ResultsNvidia's current stock move traces back to late 2023. At that time, shares broke out of a double-bottom base with a buy point of 476.09 in strong volume ahead of third-quarter results in November.A week before reporting the results, Nvidia announced at the SC23 supercomputing conference in Denver a new artificial intelligence computing platform and an advanced data-center chip.Despite a blockbuster quarter, shares fell after the earnings report but found support at the 50-day moving average. That allowed the stock to form a flat base with a buy point of 505.48. The company said profits came in at $4.02 a share.That came on sales of $18.12 billion for the period ended Oct. 29. Analysts polled by FactSet had expected earnings of $3.37 a share on sales of $16.19 billion.Compared with the year-ago quarter, Nvidia earnings soared 593%, while sales saw a 206% spike.Demand from data centers was the chief reason. Nvidia's data-center sales jumped 279% from the year-earlier period to a record $14.51 billion. Data-center sales also increased 41% from the second quarter.AI Products Drive GrowthNvidia has earned a reputation for being a trailblazer. The company was an early pioneer in the graphics processors that many say drastically improved computer gaming. Along with gaming, Nvidia chips now are used in such industries as health care, automobiles and robotics.In March 2023, generative AI took a leap forward with OpenAI's ChatGPT. According to the company, Nvidia's AI-capable supercomputer paved the way for the \"iPhone moment of AI.\"That helped Nvidia turn the tide on its results. It reported three quarters of declining year-over-year sales and four quarters of tapering earnings. But then the company achieved record top- and bottom-line growth in the two most recent quarters.Overall worldwide AI chip revenue will grow 26% from $53.4 billion in 2023 to $67.1 billion in 2024, according to a recent report from research firm Gartner. That is set to double by 2027 to $119 billionNvidia's graphic processing units help accelerate computing in data centers and AI applications.Top Ratings For NvidiaNvidia stock shows exceptional technical strength and boasts a best-possible score of 99 on both its Composite Rating and EPS Rating. Its Relative Strength Rating of 98 also shows that it outperforms the vast majority of stocks in the Investor's Business Daily database.Nvidia also is one of the Magnificent Seven stocks that led the 2023 stock rally. The other stocks are Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Tesla (TSLA) and Amazon (AMZN). Some of these tech titans are customers that rely on Nvidia's advanced chips. Nvidia is also one of the \"Magnificent Seven of 2024.\"Nvidia stock currently ranks first in the fabless semiconductor group, which holds fifth place among IBD's 197 industry groups. The AI stock frequently appears on the IBD 50, IBD Sector Leaders and Tech Leaders lists. Further, the stock is on IBD Leaderboard.Is Nvidia A Stock A Buy?The stock holds an Accumulation/Distribution Rating of B-. That shows strong interest among institutional buyers over the last 13 weeks.Nvidia stock is not a buy right now because it is extended from support at the 10-week moving average. However, shares appear to be forming a base that could be in place by week's end.","news_type":1},"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127573456,"gmtCreate":1624859407575,"gmtModify":1703846407466,"author":{"id":"3581328509410220","authorId":"3581328509410220","name":"LeeKenny","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581328509410220","authorIdStr":"3581328509410220"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127573456","repostId":"2146886502","repostType":4,"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":127573456,"gmtCreate":1624859407575,"gmtModify":1703846407466,"author":{"id":"3581328509410220","authorId":"3581328509410220","name":"LeeKenny","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581328509410220","authorIdStr":"3581328509410220"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127573456","repostId":"2146886502","repostType":4,"repost":{"id":"2146886502","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624857825,"share":"https://ttm.financial/m/news/2146886502?lang=&edition=fundamental","pubTime":"2021-06-28 13:23","market":"hk","language":"en","title":"Hong Kong home prices rise for fifth straight month in May","url":"https://stock-news.laohu8.com/highlight/detail?id=2146886502","media":"Reuters","summary":"HONG KONG, June 28 (Reuters) - Hong Kong private home prices, the most unaffordable in the world, ex","content":"<p>HONG KONG, June 28 (Reuters) - Hong Kong private home prices, the most unaffordable in the world, extended gains for a fifth consecutive month in May, official data showed on Monday, helped by a recovering economy and expectations that Chinese buying will keep prices firm.</p>\n<p>An index of home prices rose 0.6% last month, according to the data, compared to a revised 0.4% gain in April. The index has climbed 3.6% so far this year, and is off just 0.8% from its all-time high hit in May 2019.</p>\n<p>Property consultants expect home prices will break the record high in the third quarter, and the index will gain a further 5% in the second half.</p>\n<p>\"We expect that with the resumption of cross-border travels in the second half of this year, mainland buyers will inject momentum into local property sales,\" said Cushman & Wakefield Greater China vice president Alva To.</p>\n<p>As the property market picked up pace, developers have been accelerating the rollout of new launches, driving up the overall transaction volume.</p>\n<p>Cushman & Wakefield expected total home transactions in the first half will increase to the highest since 2012.</p>\n<p>New World Development's latest batch of 173 units rolled out earlier this month in a New Territories project received 30,600 registrations of intent from potential buyers, the highest ever in Hong Kong.</p>\n<p>A four-bedroom apartment in the project was auctioned off at a square foot price of HK$35,000 ($4,508.86), also the highest so far in the suburban area.</p>\n<p>A report from think-tanks Urban Reform Institute and Frontier Centre for Public Policy ranked Hong Kong the world's least affordable housing market for the 11th straight year in 2020, based on median property prices and household incomes.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong home prices rise for fifth straight month in May</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong home prices rise for fifth straight month in May\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-28 13:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 28 (Reuters) - Hong Kong private home prices, the most unaffordable in the world, extended gains for a fifth consecutive month in May, official data showed on Monday, helped by a recovering economy and expectations that Chinese buying will keep prices firm.</p>\n<p>An index of home prices rose 0.6% last month, according to the data, compared to a revised 0.4% gain in April. The index has climbed 3.6% so far this year, and is off just 0.8% from its all-time high hit in May 2019.</p>\n<p>Property consultants expect home prices will break the record high in the third quarter, and the index will gain a further 5% in the second half.</p>\n<p>\"We expect that with the resumption of cross-border travels in the second half of this year, mainland buyers will inject momentum into local property sales,\" said Cushman & Wakefield Greater China vice president Alva To.</p>\n<p>As the property market picked up pace, developers have been accelerating the rollout of new launches, driving up the overall transaction volume.</p>\n<p>Cushman & Wakefield expected total home transactions in the first half will increase to the highest since 2012.</p>\n<p>New World Development's latest batch of 173 units rolled out earlier this month in a New Territories project received 30,600 registrations of intent from potential buyers, the highest ever in Hong Kong.</p>\n<p>A four-bedroom apartment in the project was auctioned off at a square foot price of HK$35,000 ($4,508.86), also the highest so far in the suburban area.</p>\n<p>A report from think-tanks Urban Reform Institute and Frontier Centre for Public Policy ranked Hong Kong the world's least affordable housing market for the 11th straight year in 2020, based on median property prices and household incomes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00017":"新世界发展"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146886502","content_text":"HONG KONG, June 28 (Reuters) - Hong Kong private home prices, the most unaffordable in the world, extended gains for a fifth consecutive month in May, official data showed on Monday, helped by a recovering economy and expectations that Chinese buying will keep prices firm.\nAn index of home prices rose 0.6% last month, according to the data, compared to a revised 0.4% gain in April. The index has climbed 3.6% so far this year, and is off just 0.8% from its all-time high hit in May 2019.\nProperty consultants expect home prices will break the record high in the third quarter, and the index will gain a further 5% in the second half.\n\"We expect that with the resumption of cross-border travels in the second half of this year, mainland buyers will inject momentum into local property sales,\" said Cushman & Wakefield Greater China vice president Alva To.\nAs the property market picked up pace, developers have been accelerating the rollout of new launches, driving up the overall transaction volume.\nCushman & Wakefield expected total home transactions in the first half will increase to the highest since 2012.\nNew World Development's latest batch of 173 units rolled out earlier this month in a New Territories project received 30,600 registrations of intent from potential buyers, the highest ever in Hong Kong.\nA four-bedroom apartment in the project was auctioned off at a square foot price of HK$35,000 ($4,508.86), also the highest so far in the suburban area.\nA report from think-tanks Urban Reform Institute and Frontier Centre for Public Policy ranked Hong Kong the world's least affordable housing market for the 11th straight year in 2020, based on median property prices and household incomes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":294452000465096,"gmtCreate":1712906040112,"gmtModify":1712909107650,"author":{"id":"3581328509410220","authorId":"3581328509410220","name":"LeeKenny","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581328509410220","authorIdStr":"3581328509410220"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/294452000465096","repostId":"1108600956","repostType":2,"isVote":1,"tweetType":1,"viewCount":326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
