UBS Group released a report, believing that recent series of policy measures in China and the Central Political Bureau meeting have provided more decisive support to stabilize the financial market, real estate market, and boost consumer support. The bank has raised the Hang Seng Index target forecast by 7.3%, from 20,600 points to 22,100 points. In terms of stock selection, they will maintain a barbell strategy, focusing on defensive high-yield stocks as a core part of the preferred list, as these stocks are expected to benefit from the rate reduction cycle. This includes PCCW, Cathay Pacific Airways, BOC Aviation, Henderson Land, Sands China, Galaxy Entertainment, and AIA, all rated as 'buy'. UBS has also removed CKH Holdings and Swire Properties from the recommended list, lowering the defensive preference in the list.