Hang Lung Properties Ltd

00101: XHKG (HKG)
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Hang Lung Properties Earnings: Tenant Sales Decline Gradually Stabilizing; Shares Undervalued

Hang Lung Properties reported a 9% year-on-year decline in underlying profit, affected by a soft retail environment and an oversupplied office market in mainland China and Hong Kong. Property sales bookings also fell year on year. Interim dividend was flat year on year at HKD 0.12 per share.

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