Group 1 - The core viewpoint of the article is that the Hong Kong residential market is recovering as demand rebounds, with new supply expected to gradually decrease starting this year or next [1] - The improved supply-demand outlook is anticipated to sustain the recovery momentum in the residential market, which is favorable for Meilun Group (01200) [1] - The report predicts that residential property prices will increase by 5% to 10% this year, with transaction volumes in the primary and secondary markets expected to grow by 5% and 8% respectively, which will boost Meilun Group's profitability and stock price [1] Group 2 - The earnings forecasts for Meilun Group are raised by 29% and 22% for 2025 and 2026 respectively [1] - The investment rating for Meilun Group is upgraded to "Buy," with the target price increased to HKD 3.61 [1]
星展：料今年香港楼价升5%至10% 升美联集团目标价至3.61港元