大行评级丨星展：上调九龙仓置业目标价至29港元 评级升至“买入”

Core Viewpoint - The outlook for rental income and return growth is improving, which is expected to drive the rental yield growth for Kowloon Development [1] Group 1 - The majority of the company's debt is at floating rates, suggesting that a potential decline in HIBOR could reduce interest costs [1] - A sustainable recovery in the retail market may lead to higher stock valuations for Kowloon Development [1] - A more accommodative interest rate environment is anticipated to promote revenue growth and increase the company's stock price [1] Group 2 - The company's rating has been upgraded from "Hold" to "Buy" [1] - The target price has been raised from HKD 27.7 to HKD 29 [1]