Brokers' take

Hongkong Land Holdings > Add CSG-CIMB, March 9 March 9 close: US$7.02 Target price: US$9.10

CENTRAL office, accounting for over 70 per cent of HK Land's revenue, was buoyant on the back of limited supply and strong demand, especially from mainland corporates. Vacancy further declined to 1.4 per cent... while average rent rose 5 per cent.

We believe that HK Land's Central office portfolio will continue to benefit from strong mainland demand and limited supply in the medium term.