HSBC: Upgrade Cheung Kong Group to "Buy" rating and raise target price to HK$52.

Sina Finance News, on March 31st, JPMorgan Chase released a research report stating that they are maintaining a "buy" rating on Cheung Kong Group. Although the impact on the Hong Kong residential market has been slight since the outbreak of war, the bank is leaning towards defensive stock selection because the company is about to switch to a net cash position. The target price has been raised from HK$48.5 to HK$52.