[ET Net News Agency, 23 February 2024] UBS lowered the target price for Hysan Dev
(00014) to HKD23.8 from HKD26.3 and maintained the "buy" rating.
The research house said it lowers PT by 9% and FY24-26E earnings by 20-26% to reflect
(1) weaker rental growth & margins, (2) loss of retail space due to AEI, and (3) higher
net debt. (RC)