Glonghui, January 29 | According to a research report published by DBS, Hysan is the largest commercial property owner in Causeway Bay. The Group's property upgrade project is beginning to bear fruit. The retail property portfolio renovation project is nearing completion. It is expected that the renovated area will bring rent contributions. Coupled with favorable retail rental renewal growth, it can support a recovery in rental income. According to the bank, although investors are concerned about a possible reduction in dividends, or there is some suspense about potential pressure on stock prices, it is believed that Hysan's current low valuation level can support the stock price and give it a “buy” rating. The target price was lowered from HK$22.8 to HK$17.7.
大行评级｜星展：予希慎“买入”评级 目标价下调至17.7港元
Bank Ratings | DBS: Yu Xishen's “Buy” Rating Target Price Lowered to HK$17.7
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