Targets HK$34.80
Deutsche Bank keeps Hang Lung Properties (0101.HK)
at Hold as limited upside at the current level;
targets HK$34.80.
Says HLP's China strategy to build and hold prime investment properties is in the right direction, but there's still a long way to go.
Adds, it's getting more difficult to obtain prime China land bank. Stock +0.3% at HK$36.30