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<Research>HSBC Research: HANG LUNG PPT (00101.HK) Shopping Mall Biz Improvement Liked; TP Lifted to $10.9
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HSBC Global Research published a research report keeping rating at Buy on HANG LUNG PPT (00101.HK), and lifting its target price from $10.5 to $10.9. The broker believed that, as the Company's shopping mall business performance improved, coupled with a new asset-light expansion strategy, its earnings prospects and dividend certainty are expected to strengthen, providing support for its share price. HANG LUNG PPT is set to announce its 2025 annual results on 30 January. HSBC Global Research projected that, excluding property sales factors, the Company's 2025 earnings will be roughly flat YoY, significantly improving from a 25% decline the previous year. Sales of tenants in its malls are gradually recovering, especially the solid performance of two malls in Shanghai, along with signs of stabilization in Hong Kong's mall business, all of which are conducive to driving earnings growth in 2026, the broker noted. AASTOCKS Financial News Website: www.aastocks.com |
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