"Major Banks" Citigroup's Investment Ratings, Target Prices, and Valuation Forecasts for Hong Kong Real Estate Stocks (Table)

Citi published a report on the Hong Kong real estate industry, listing investment ratings and target prices for Hong Kong real estate stocks:

Stock │ Investment Rating │ Target Price

Wheelock (00004.HK) │ Sell │ HKD 18.3

Henderson Land (00012.HK) │ Buy │ HKD 30

Hysan (000014.HK) │ Buy │ HKD 17.35

Sun Hung Kai Properties (00016.HK) │ Buy │ HKD 105

New World Development (00017.HK) │ Sell │ HKD 4.8

MTR Corporation (00006.HK) │ Sell │ HKD 24.5

Sino Land (00083.HK) │ Buy │ HKD 10.6

Hang Lung Properties (00101.HK) │ Buy │ HKD 10.1

Kerry Properties (00683.HK) │ Buy │ HKD 23.2

FORTUNE REIT (00778.HK) │ Buy │ HKD 5.56

Link REIT (00823.HK) │ Neutral │ HKD 36.8

Cheung Kong Group (01113.HK) │ Neutral │ HKD 39

Swire Properties (01972.HK) │ Buy │ HKD 23.8

Wheelock Properties (01997.HK) │ Buy │ HKD 30.3

Champion REIT (02778.HK) │ Sell │ HKD 1.4

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Stock │ Discount to Net Asset Value per Share

Wheelock │ -50%

Henderson Land │ -51%

Hysan │ -56%

Sun Hung Kai Properties │ -45%

New World Development │ -61%

MTR Corporation │ -27%

Sino Land │ -44%

Hang Lung Properties │ -68%

Kerry Properties │ -74%

FORTUNE REIT │ -58%

Link REIT │ -38%

Cheung Kong Group │ -57%

Swire Properties │ -59%

Wheelock Properties │ -61%

Champion REIT │ -57%