Gelonghui, June 12. Citi published a report stating that the target prices of many Chinese housing companies were lowered mainly due to weak sales and investment. According to the report, as profits have been pressured by declining investment and weak sales since 2021, the target price of Times China Holdings (1233.HK) was lowered from HK$1.7 to HK$0.85, maintaining a “neutral” rating. The report also lowered the target price of Agile (3383.HK) from HK$1.85 to $1.5, maintaining a “neutral” rating, believing that its weak sales performance cast a shadow over development prospects. In addition, the target price of Yuzhou Group (1628.HK) was lowered from HK$0.52 to HK$0.28, while the target price of Ocean Group (3377.HK) was also lowered from HK$1.15 to HK$0.63. The ratings all promoted “neutral” ratings. In addition, the target price of R&F Real Estate (2777.HK) was lowered from HK$1.65 to HK$1.2, and the target price of Hop Sen Innovation (0754.HK) was also lowered to HK$6. Both shares maintained their “sell-sell” rating.