智通财经网·2025-10-10 07:43Core Viewpoint - Morgan Stanley reports that Hang Lung Properties (00101) has shown significant improvement in tenant sales in mainland China during Q3, with a year-on-year increase of 10%, surpassing the bank's low single-digit growth expectation and reversing a 1% decline in the previous quarter [1] Group 1: Company Performance - Hang Lung Properties' tenant sales during the National Day Golden Week saw a remarkable 15% year-on-year increase in the first four days [1] - The introduction of new tenants, such as Lao Pu Huang (06181), at Shanghai Hang Lung Plaza, along with the expansion of existing tenants, is expected to sustain the improvement in tenant sales into Q4 [1] Group 2: Investment Outlook - With a dividend yield of 5.9% and improving tenant sales data, Morgan Stanley continues to list Hang Lung as one of its top two preferred real estate stocks, maintaining an "Overweight" rating and a target price of HKD 10 [1] - Another preferred stock by Morgan Stanley is Swire Properties (01972), which is also anticipated to benefit from the recovery of the Chinese retail market [1]