Bank of America Global Research
Coverage of Bank of America Global Research in the Nexus archive.
- Crude oil supplies at 45-year low
U.S. crude oil supplies are reported to be at a 45-year low, with the Iran war contributing to diminished strategic reserves. Data from Bank of America Global Research indicates that the U.S. Strategic Petroleum Reserve is at its lowest level since 1983. This situation leaves the country with an estimated supply of crude oil lasting 43 days.
- Hong Kong home sales recovery expected to boost developers’ earnings
Hong Kong property developers are expected to report stronger first-half earnings due to a rebound in home sales and improving development margins. Bank of America Global Research predicts an average 8% year-on-year core net profit growth for developers and conglomerates, excluding New World Development.
- Hong Kong home sales recovery expected to boost developers’ earnings
Hong Kong property developers are expected to report stronger first-half earnings driven by a rebound in home sales and improved development margins. Bank of America Global Research projects an 8% year-on-year core net profit growth for developers and conglomerates, excluding New World Development.