花旗：降恒基地产目标价至34.2港元 评级为“买入”

Group 1 - Citigroup has raised the profit forecast for Hang Lung Properties (00012) by 2.4% for this year [3] - The profit forecasts for 2027 to 2028 have been lowered by 7% to 9% [3] - The earnings per share dividend forecast for 2026 to 2028 has been reduced by 16% [3] Group 2 - The target price for Hang Lung Properties has been adjusted from HKD 35.32 to HKD 34.2, while maintaining a target net asset value (NAV) prediction of 40% [3] - The company aims to stabilize dividend payments, currently lacking a fixed payout ratio [3] - Shareholder loans are viewed as internal financing distribution, reflecting ongoing support from shareholders, with no repayment deadline and interest subject to mutual agreement [3]