CITIC Securities released a research report stating that maintaining Hang Lung Properties' “buy” rating, the company is expected to achieve stable dividends in 2024 through steady rental income and flexible financial management. The current 2024E dividend rate is 9.3%. The company achieved revenue of HK$10.3 billion for the full year of 2023, a year-on-year decrease of 0.3%. In RMB, revenue increased 4.8% year over year; realized basic net profit attributable to shareholders of HK$4.1 billion, down 1.5% year on year. The announcement also proposed a dividend of HK$0.78 per share for the full year of 2023, in line with 2022.

According to the report, as of the end of 2023, Hang Lung Properties' net debt ratio was 31.9%, a slight increase over the previous year, mainly due to increased capital expenditure due to property modifications and property construction in the Mainland and Hong Kong. Due to the company's many projects being built and completed in the next two years, the bank expects that the company's capital expenditure may still be high in the next two years, but the company has always guaranteed financial flexibility and liquidity. The current leverage ratio is not high, and there is still room for improvement. The 2023 interest guarantee ratio is 3.6 times, the safety cushion is thick, and the company announced a share-based interest plan for 2023 dividends. Overall, the bank believes that the company can maintain a sound financial base.