HSBC Research publishes a research report that ratings and target prices on Hong Kong property stocks are as follows:

Shares | Investment Rating | Target Price (HK$)

Rent collection:

Hang Lung Properties Limited (00101.HK) | Buy | RMB 19.6 → RMB 16.4

Hysan Development (00014.HK) | Hold | NT$24.1 → 19.1

Kerry Properties (00683.HK) | Buy → Hold | $23.5 → 16.1

MTR Corporation (00066.HK) | Buy | $45.8 → $43.6

Swire Properties (01972.HK) | Buy → Hold | $26.8 → $18.3

Wharf Properties (01997.HK) | Weight Reduction | NT$31.4 → $30

REITS/TRUST:

Champion REIT (02778.HK) | Hold → Reduction | $3.7 → $2.4

FORTUNE REIT (00778.HK) | Hold | $7.1 → $5.7

Link Real Estate Fund (00823.HK) | Buy | $64 → 63.9 yuan

Developers:

Cheung's Group (01113.HK) | Hold | RMB 49.9 → RMB 49.1

Henderson Land (00012.HK) | Hold | NT$24.7 → 23.7

New World Development (00017.HK) | Reduction | $19.8 → RMB 16.4

Sino Property (00083.HK) | Buy | $11.4 → 10.8

Sun Hung Kai Properties (00016.HK) | Buy | $107.6 → 105.4

WHARF HOLDINGS (00004.HK) | HOLD | NT$22.3 → 22.1

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