The Zhitong Finance App learned that Lyon released a research report saying that Jiulong Cang Real Estate (01997.HK) raised the dividend payment ratio from 65% to 90%, which was a surprise. Coupled with the sale of Defeng Plaza to drive dividend growth per share, it shows management's determination to enhance shareholder returns. The company currently provides shareholder return characteristics similar to real estate investment trusts. Importantly, management said it had no intention of reducing the dividend payment ratio. The target price was raised from HK$40 to HK$42.2 to reaffirm the “outperform the market” rating and as the preferred stock.

The Zhitong Finance App learned that Lyon released a research report saying that Jiulong Cang Real Estate (01997.HK) raised the dividend payment ratio from 65% to 90%, which was a surprise. Coupled with the sale of Defeng Plaza to drive dividend growth per share, it shows management's determination to enhance shareholder returns. The company currently provides shareholder return characteristics similar to real estate investment trusts. Importantly, management said it had no intention of reducing the dividend payment ratio. The target price was raised from HK$40 to HK$42.2 to reaffirm the “outperform the market” rating and as the preferred stock.