Citigroup: Maintains "Buy" rating on Hang Lung Properties (00101.HK) Basic earnings in line with expectations.

Zhitong Finance APP learned that Citi released a research report stating that it maintains a "buy" rating on Hang Lung Properties (00101.HK) with a target price of 7.05 Hong Kong dollars. Hang Lung Properties has a mid-term dividend per share of 0.12 yuan, and the company continues to offer the option of dividend payment in shares. The implied mid-term dividend payout ratio is 36% (32% in the first half of 2024).