Hang Lung Properties Ltd

00101: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hang Lung Properties: China Luxury Recovery Hinges on Improvement of Economy and Property Market

Xavier Lee

Oct 14, 2024

We maintain our HKD 10 fair value estimate for Hang Lung Properties after attending the company's reverse road show, which contained few surprises. Management acknowledged that the operating environment remains challenging, with cumulative nine-month 2024 tenant sales for its China retail properties slipping 15% year on year compared with 13% in the first half of 2024.

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Hang Lung Properties Ltd

Hang Lung Properties: China Luxury Recovery Hinges on Improvement of Economy and Property Market

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