Gronhui August 10 | Citibank released a report stating that Changshi Real Estate has diversified recurring revenue, and dividends per share are expected to rise steadily in the 2023-2025 fiscal year. Although the bank has a negative view of the Hong Kong residential and office market in a long-term high interest rate environment, it believes that the Group's diversified recurring income portfolio and steady balance sheet should drive stock price performance. At the same time, it is anticipated that after the announcement of the interim results, the Group may resume share buybacks, which will act as a short-term catalyst, while the target price will drop from HK$49 to HK$47.1. Also, according to Citibank, Hang Lung Real Estate's fundamentals are stable, but investors are mainly concerned about the RMB and consumption prospects. The bank expects that with the recovery of mainland aid, Hang Lung Properties will continue to achieve steady results in the second half of the year, but the rise in stock prices may depend on these two factors. The bank indicated that the Group had a low valuation and maintained its “buy” rating, while the target price dropped from HK$16.3 to HK$14.3.