Dairy Farm, however, dipped 0.1 per cent, or one US cent, to close at US$6.96.
Just last month, Morgan Stanley and DBS Group Research both issued a"buy" recommendation on Hongkong Land, with a 12-month price target of US$7 and US$7.70 respectively. Among other things, the analysts noted in their August report that the firm's Central office demand has started deteriorating, without signs of turnaround in the second half of 2019.
Hong Kong's latest decision means that the government is acceding to one of five key demands of pro-democracy protesters who have taken to the streets in millions, in demonstrations that have become increasingly violent.
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