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Hang Lung Properties Ltd HLPPF

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

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Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.

Company Profile

Business Description

Hang Lung Properties is a property investor that mainly holds commercial assets in Hong Kong and China. Rental income accounts for 70%-80% of the operating profit, split between Hong Kong and China, with property development in Hong Kong contributing the rest. In China, the company’s exposure is almost entirely in retail, with rental revenue from shopping malls accounting for more than three fourths. Its assets are spread mostly across Tier 2 cities; as such, many view the company as a proxy for China’s overall retail performance. The company is 59% owned by Hang Lung Group and is led by Ronnie Chan, who has been the company's chairman since 1991.

Contact
4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building
Hong Kong, Hong Kong
T +852 28790111
Sector Real Estate
Industry Real Estate Services
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 4,407