Developers
Shares│Ratings│Target prices (HK$)
CK ASSET (01113.HK)｜Buy｜64
HENDERSON LAND (00012.HK)｜Neutral｜40
SHK PPT (00016.HK)｜Buy｜144→139
SINO LAND (00083.HK)｜Neutral｜13.2
NEW WORLD DEV (00017.HK)｜Buy｜47
WHARF HOLDINGS (00004.HK)｜Buy｜33
KERRY PPT (00683.HK)｜Buy｜31

Landlords
HYSAN DEV (00014.HK)｜Neutral｜34
WHARF REIC (01997.HK)｜Neutral｜46
SWIREPROPERTIES (01972.HK)｜Neutral｜26→27
HANG LUNG PPT (00101.HK)｜Buy｜23.5

REITs
LINK REIT (00823.HK)｜Buy｜82
CHAMPION REIT (02778.HK)｜Underperform｜4.2
FORTUNE REIT (00778.HK)｜Buy｜9.2

Conglomerates
MTR CORPORATION (00066.HK)｜Neutral｜50→47
SWIRE PACIFIC A (00019.HK)｜Neutral｜67→64