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大行评级｜里昂：下调九龙仓置业目标价至26.7港元 对香港零售前景维持审慎

Bank Ratings | Lyon: Lowering the target price of Jiulongcang Real Estate to HK$26.7 and remains cautious about Hong Kong's retail outlook

Gelonghui Finance ·  Mar 20 23:10

Lyon published a report saying that in a challenging environment, Wharf Real Estate is still able to deliver stable results, but retail growth is expected to slow down due to economic slowdown, exchange rate effects, and lack of low base effects. The bank believes that interest rates may be lowered, which will reduce financing costs and partially offset the adverse effects of the uncertain external environment. Considering the Group's stable financial management, the target price was lowered from HK$35 to HK$26.7 because it was cautious about the retail outlook in Hong Kong.

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