The Zhitong Finance App learned that Lyon released a research report saying that Kerry Construction (00683) started well this year. The Group's contract sales in Hong Kong are expected to reach 1.55 billion yuan in the first five months, and it is believed that its luxury project, Mont Vera, will benefit from an increase in the number of travelers and the “High Talent Connect” program. Lower the company's profit forecasts for this year and next year by 2.5% and 4.4% respectively, andIts target price was lowered from HK$25.9 to HK$24.3. Considering that the stock price had been excessively adjusted, its rating was maintained as “buy”.

According to the bank, even if some investors are concerned that the group may raise equity or cut dividends to support the potential acquisition of a plot of land worth HK$20 billion in Shanghai, the bank believes that the above two financial actions are unlikely to occur, mainly due to the company's strong recurring rental income and contract sales channels for its properties.