Glonghui, April 9 | J.P. Morgan Chase released a research report indicating that Hong Kong real estate stocks have outperformed the Hang Seng Index by 10% from the beginning of the year to date. Even though the Hong Kong government's “withdrawal”, unfavorable factors in the industry still exist. The bank's short-term selection order will be residential, mass retail stores, luxury retail stores, and finally office buildings. The bank adjusted the ratings of Hang Kai Properties and Swire Properties from “neutral” to “increased holdings”. The target prices were raised from HK$23 and HK$16.5 to HK$26.5 and HK$18, respectively, in line with Sino, because dividend certainty is the highest, and the performance has outperformed peers since the beginning of the year. In addition, the bank also lowered the rating of Kowloon Properties from “neutral” to “reduced holdings”, and the target price was reduced from HK$28.5 to HK$22.