星展发表研究报告指，营业租金和回报增长前景正在改善，料有助推动九龙仓置业租金收益的增长。此 外，由于公司的债务大多为浮动利率，因此HIBOR潜在下降或可减少其利息成本。该行指出，可持续 的零售市场复苏或令九龙仓置业获得更高的股票估值，预计更为宽松的利率环境亦将促使公司收益增长 和股价上涨。该行将公司评级由"持有"上调至"买入"，目标价由27.7港元上调至29港元。 ...

摩根士丹利发布研报称，将希慎兴业(00014)2025至27年各年基本每股盈利预测分别上调1%、4%及 7%，以反映2025年上半年业绩优于预期及利息成本降低等因素。维持2025至27年每股派息1港元预测， 对比2024年为1.08港元，因预期现金盈利无法完全覆盖股息;目标价由12.5港元上调至14.3港元。该行对 香港零售整体市场仍持谨慎态度，因消费模式转变、下半年预期出境旅游增加，以及失业率上升。维持 减持评级，因仍在等待香港零售市场出现实质且可持续的复苏。 ...

Core Viewpoint - Morgan Stanley has raised the earnings per share (EPS) forecasts for Hysan Development (00014) for the years 2025 to 2027 by 1%, 4%, and 7% respectively, reflecting better-than-expected performance in the first half of 2025 and reduced interest costs [1] Company Summary - The EPS forecast for 2025 is adjusted upwards by 1%, for 2026 by 4%, and for 2027 by 7% [1] - The dividend per share forecast for 2025 to 2027 is maintained at HKD 1, compared to HKD 1.08 in 2024, due to expectations that cash earnings will not fully cover dividends [1] - The target price for Hysan Development has been increased from HKD 12.5 to HKD 14.3 [1] Industry Summary - Morgan Stanley maintains a cautious outlook on the overall retail market in Hong Kong due to changes in consumer behavior, expected increase in outbound tourism in the second half of the year, and rising unemployment rates [1] - The firm retains a "reduce" rating as it awaits a substantial and sustainable recovery in the Hong Kong retail market [1]