The Zhitong Finance App learned that Citibank released a research report saying that the management of Jiulongcang Real Estate (01997.HK) announced an increase in the dividend ratio from 65% to 90%, and the medium-term interest rate increased by 42% to HK 94 cents per share, bringing a major surprise to the market. The bank maintained nine “buy” ratings, raised the target price from HK$31.6 to HK$36, and carried out a positive 90-day catalytic observation on the company to reflect the growing confidence that retail rent renewals have reached an inflection point and anticipates a potential sale of Scotts Square in Singapore in the second half of the year. The bank also believes that management's preference for rebuilding the Marco Polo Hong Kong Hotel will increase value in the long run and bring in additional floor space.

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