Great Wall News November 6th | Daiwa's research report pointed out that the first-hand property market in Hong Kong showed signs of recovery in October, with a significant increase in trading volume. In November, due to a reduction in high-quality new supply, trading volume may decline. However, the bank still expects a 3% increase in property prices in the fourth quarter of this year and the first quarter of next year, driven mainly by rising rental income and bullish macro factors. On the other hand, retail landlords still face challenges in the integration of the Greater Bay Area. The bank maintains a "neutral" rating on the industry and prefers developers over landlords. The bank's top picks are SHK Property and Link REIT, with target prices of HK$103 and HK$45.05, both rated as "buy".