Citi has released a research report, listing the investment ratings and target prices for real estate companies in mainland china and Hong Kong as follows:

Stock | Investment rating | Target price (HKD)

China Overseas Land & Investment (00081.HK) | Outperform | 2.1 HKD

China Res Land (01109.HK) | Outperform | 30 HKD

Longfor Group (00960.HK) | Outperform | 11.6 HKD

Vanke (02202.HK) | Outperform | 8.9 HKD -> 8.2 HKD

New World Development (00016.HK) | Underperform | 70.5 HKD -> 63.6 HKD

Cheung Kong Property (01113.HK) | Hold | 32.2 HKD

Belgravia (00083.HK) | Outperform the market | 11.4 yuan

Kerry PPT (00683.HK) | Outperform the market | 16.2 yuan

Hang Lung PPT (00101.HK) | Hold | 5.5 yuan

Hysan (00014.HK) | Outperform the market | 14.2 yuan

Nine Properties (01997.HK) | Hold | 20 yuan

Swire Properties (01972.HK) | Outperform the market | 18 yuan

Link REIT (00823.HK) | Outperform the market | 45 yuan