Core Viewpoint - Morgan Stanley believes that Hang Lung Properties (00101) will outperform the market in the next 60 days, with an estimated probability of over 80% due to improvements in China's luxury retail sales driven by rising stock markets, improved market sentiment, increased attention on local brands, and a rise in inbound tourism [1] Company Summary - Hang Lung Properties has an attractive price-to-book ratio of 0.3 times and a dividend yield of 6.5% [1] - Morgan Stanley has set a target price of HKD 9 for Hang Lung Properties and has rated it as "Buy" [1] Industry Summary - There is a noted improvement in China's luxury retail sales, which is a positive indicator for companies in the sector [1] - Factors contributing to this improvement include a rising stock market, enhanced market sentiment, increased focus on domestic brands, and a boost in inbound tourism [1]

Core Viewpoint - Morgan Stanley believes that Hang Lung Properties (00101) will outperform the market in the next 60 days, with an estimated probability of over 80% due to improvements in China's luxury retail sales driven by rising stock markets, improved market sentiment, increased attention on local brands, and a rise in inbound tourism [1] Company Summary - Hang Lung Properties has an attractive price-to-book ratio of 0.3 times and a dividend yield of 6.5% [1] - Morgan Stanley sets a target price of HKD 9 for Hang Lung Properties and rates it as "Buy" [1]