Glonghui, May 28 | UBS released a report stating that it attended the UBS Asia Investment Forum (AIC) last day, indicating that after the Hong Kong government completely removed the market at the end of February, there was a significant improvement in its new home sales. However, due to intense competition in the new listing market, sales momentum began to slow in April. Looking ahead, the company plans to focus more on profit margins than sales due to the company's strong net cash position. The company expects the profit margin for development properties to improve in the 2025 fiscal year ending at the end of June next year, as Jinshang Road Bolong's sales account. According to the report, at the meeting, Trust also mentioned that Hong Kong people are increasingly spending in the north, which poses a challenge to the tenants' sales in its shopping malls. Even though passenger traffic remained flat year over year, Hong Kong tenant sales fell by a high number of units year over year in the first four months. In terms of tenant business segmentation, cinemas, supermarkets, selective restaurants, and department stores outperformed the market, while cosmetics recorded strong double-digit growth, and jewellery and fashion performed well. The report quoted the company as saying that credit held HK$43 billion in cash, with a fixed deposit yield of 4.7% to 4.8%, and maintained a prudent attitude towards cash management. The company reaffirms a stable and progressive dividend payment policy. The bank gave credit a target price of HK$11, with a “buy” rating.