The Zhitong Finance App learned that Citi published a research report indicating that in the overall challenging internal housing market, it has adjusted the target prices of various internal housing and property management companies such as China Merchants Commercial Real Estate (01503) and Hop Seng Innovation Group (00754). Among them, Citigroup maintained the “sell and sell” rating of the Hopson Innovation Group, and lowered the target price from HK$5 to HK$4.15; while maintaining the “neutral” rating of Times China Holdings (01233), the target price was lowered from HK$0.7 to HK$0.46.

Furthermore, in terms of property management companies, Citigroup pointed out that considering that Hejing Youhuo (03913) takes time to improve cash flow and resolve accounts receivable and maintain its “neutral” rating, the target price dropped from HK$0.96 to HK$0.6; maintaining the “neutral” rating for commercial real estate trusts by the China Merchants Bureau indicates weak mid-term performance, and the target price was lowered from HK$1.9 to HK$1.4.