Lyon published a report that it is expected that the adjustment of property prices in Hong Kong will be limited this year, with a reduction of about 7%. It also pointed out that there is a moderate oversupply situation, which can be offset by the increase in demand for Hong Kong dollar assets from mainland buyers. The bank upgraded the ratings of Sun Hung Kai Properties (00016-HK) and Changshi Real Estate (01113-HK). The former's latest rating was “buy,” while the latter's latest rating was “outperform the market”, with a target price of 55 yuan. Furthermore, Lyon also lowered the target price for New World Development (00017-HK) to 8.5 yuan, and the target price for Kerry Construction (00683-HK) was also lowered to 20.35 yuan.
里昂唱好新地(00016-HK)长实(01113-HK)，看淡新世界(00017-HK)
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