Glonghui, June 9 | Lyon published a report stating that Kerry Construction (0683.HK) 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 visitors and the “High Talent Connect” program. 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 recurring rental income from its properties and strong contract sales channels. The bank said it lowered the company's profit forecasts for this year and next year by 2.5% and 4.4% respectively, and lowered its target price from HK$25.9 to HK$24.3, considering that the stock price had been excessively adjusted, maintaining its rating as “buy.” The share is currently reported at HK$1,698, with a total market value of HK$24.6 billion.