The Zhitong Finance App learned that Morgan Stanley released a research report stating that the target price for Hang Lung Properties (00101) was HK$13.5, and the rating was “increased.” Due to falling operating profits from rental collection and rising interest expenses, the company's earnings per share for FY2023 fell 1% year on year, 3% lower than the bank's expectations; dividends per share remained unchanged; rents in mainland China and Hong Kong slowed in the second half of 2023.