Core Viewpoint - Meirui Health International (02327) expects a significant increase in shareholder profit for the six months ending June 30, 2025, projected between approximately HKD 14 million to HKD 16 million, compared to approximately HKD 8.2 million for the same period ending June 30, 2024 [1] Group 1: Profit Expectations - The anticipated increase in profit is primarily due to growth in property-related business revenue and profit, driven by increased rental income and stable fair value of investment properties for the six months ending June 30, 2025, in contrast to a significant decline in fair value for the same period in 2024 [1] - Interest income has risen as the company effectively utilized idle funds to provide short-term interest-bearing loans and long-term revolving financing to clients and related parties [1] Group 2: Challenges - The domestic operating environment remains challenging, leading to a decrease in trade sales and revenue from health and medical-related products [1]

Core Viewpoint - Morgan Stanley's report indicates that Kowloon Development (01997) has shown improvement in rental income for the first half of the year, but management remains cautious about the outlook for the second half, anticipating a low single-digit decline in retail renewal rents, which aligns with market expectations [1] Group 1: Financial Performance - Rental income for Kowloon Development improved on a half-year basis [1] - Management expects a slight improvement in rental income for the second half, benefiting from a decrease in HIBOR, which reduces financing costs [1] - Morgan Stanley forecasts a 1% and 2% growth in earnings per share and dividends for the fiscal year 2025, respectively [1] Group 2: Management Insights - Management reported an improvement in retail sales since May, with Harbour City merchants outperforming the market average [1] - However, management believes it is necessary to observe for a few more months to confirm if the market has fully bottomed out [1] Group 3: Future Plans - The company is evaluating an asset enhancement plan for its Marco Polo hotels, with a total capital expenditure of approximately HKD 2 billion [1] - The full renovation is expected to start as early as the end of 2026, with a temporary impact of 5% to 6% on rental income during the enhancement period [1]