Citigroup raised the target price of Hang Lung Group (0010.HK) from HK$31.3 to HK$36.53, which is equivalent to the newly estimated net asset value discount of 20%. Currently, its current price is 33% off the net asset value of HK$45.66 per share, so the current price is attractive and the buying rating has been reaffirmed. The bank believes that Hang Lung Group's acquisition of projects in Dalian and Wuxi will help increase its net asset value per share; it also points out that as the company continues to expand its development in the mainland, its net asset value growth prospects are bright. Hang Lung Group rose 2.28% to HK$31.35 yesterday.