Glonghui, September 19 | Goldman Sachs released a research report saying it maintained Hang Lung Properties' “buy” rating and set a target price of HK$18.3. At Goldman Sachs's investment conference, the group management was cautiously optimistic about the company's business prospects. Furthermore, the tenant sales growth of the mainland shopping mall portfolio was relatively stable. Management also said that due to last year's low base, it is expected that there will be a moderate recovery in the fourth quarter of 2023; on the Hong Kong side, as rent adjustments for new tenants return to positive numbers, the negative rent adjustments for the overall retail investment portfolio are narrowing. Office buildings face the challenges of high vacancy rates and weak demand, but management said that due to the high proportion of tenants in non-financial industries such as clinics, etc., it is less affected by the economic environment, and the rent trend of its office mix is relatively flexible. Furthermore, it also reaffirmed its commitment to a progressive dividend policy.