According to a report published by Glonway on August 1, Lyons published a report that Hang Lung Real Estate's midterm dividend was lower than expected, mainly due to delays in the receipt of real estate sales from the second half of this year to next year. Even though the market is concerned about the outflow of luxury consumption from the mainland, the Group's tenant sales increased by 42% year-on-year in the first half of the year, and is confident that it can break records this year. The bank lowered its earnings estimates for each year from this year to 2025 by 17.5%, 7% and 11.2% respectively, and lowered its target price from HK$18.7 to HK$15.9, maintaining its rating as a purchase, indicating that profit growth over the next three years is visible.