大行评级丨美银：重申希慎兴业“买入”评级，绩后股价下跌属过度反应

Core Viewpoint - Bank of America maintains a "Buy" rating for Hysan Development, noting that the rental income for the previous year met expectations, despite a slight adjustment in earnings forecasts and target price [1] Group 1: Financial Performance - Hysan Development's rental income for the last year was in line with expectations [1] - The earnings per share forecasts for 2026 and 2027 have been adjusted, with a 2% increase for 2026 and a 9% decrease for 2027 [1] Group 2: Target Price and Stock Reaction - The target price has been slightly reduced by 1% to HKD 24.6 [1] - The company's stock price fell by 7% following the earnings announcement, which Bank of America considers an overreaction [1] Group 3: Liquidity Position - The company maintains a strong liquidity position with HKD 14.3 billion in available cash, sufficient to cover upcoming debt maturities [1]