“We expect aggregate [earnings before interest, taxes, depreciation and amortisation] to decrease by 5 per cent for full-year 2024 and remain at around the same level in 2025, compared with a 7 per cent fall in 2023,” the agency said in a report on Wednesday.
In particular, the firm said, the office and retail property segments are likely to remain under pressure, although the residential market is expected to stabilise.
04:09
Hong Kong policy address: John Lee woos money, cuts liquor duty and regulates subdivided flats
Hong Kong policy address: John Lee woos money, cuts liquor duty and regulates subdivided flats
“Persistent challenges, such as high supply and weak leasing demand in the office segment and reduced tourist and local shopping expenditure in the retail segment will continue to put pressure on profits,” Moody’s said.