Vi e w p o i n t | 22 Jan 2026 08:39:59 ET │ 11 pages Hong Kong Property Singapore & HK Marketing Feedback CITI'S TAKE Positive investor stance on HK property: [1] Topics of most interest: residential demand/supply, home price/rent outlook, sector re-rating upside; [2] By sectors, investors' pecking order are developers > Central office > luxury retail; while there was disappointment in non-discretionary retail; [3] Many we spoke with already had positions, and are assessing whether to invest more; [4] Most ...

Group 1 - BMO Capital raised its price target on Lithium Americas Corp. to $5.00 from $3.50 while maintaining a Market Perform rating [1] - The increase in price target is supported by the confirmation that the U.S. Department of Energy will receive free equity stakes in Thacker Pass and LAC in exchange for loan repayment deferrals [1] - The firm's 10% NAV estimate was lowered to about $3.40 per share [1] Group 2 - BMO noted that high-quality, funded developers in scarce commodities could trade at 1.0–1.5x NAV, with the increased price target reflecting the high end of that valuation range [2] - The rising media profile of Lithium Americas supports the valuation increase [2] - Analysts flagged risks including potential capital expenditure inflation, operating cost challenges, and reliance on assumptions of $16,000 per ton lithium carbonate equivalent prices in 2028, compared to current spot prices near $10,000 per ton [2]