Morningstar

Hang Lung Properties Ltd 00101

Morningstar Rating
Unlock
Stock XHKG Rating as of
HK$6.50 −0.18 (2.62%)
View Full Chart
As of Delayed Price Open

Company Report

View Archive

Hang Lung Properties See Resilient Rental Income From Retail Projects

Jeff Zhang

Hang Lung Properties, or HLP, is a property developer that develops and holds a portfolio of investment properties for rental income in Mainland China and Hong Kong. Beginning in the late 1990s, the company pursued a strategy of pivoting from Hong Kong residential development to Chinese commercial properties. So thorough was the pivot that the company did not make any land acquisitions in Hong Kong for around 20 years, until late 2020.

Read Analysis

Price vs Fair Value

View History
00101 is trading at a LOCK|<y<<$? premium.
Price
HK$6.67
Fair Value
w.T
Uncertainty
LOCK|D<#
1-Star Price
LOCK|.$$
5-Star Price
LOCK|Z$
Economic Moat
LOCK|%G!
Capital Allocation
LOCK|Hq$sFCj

Bulls Say, Bears Say

Bulls

The company’s premium retail malls expose it to the luxury goods sector that is more resilient through economic cycles and benefits from China’s rising middle- to high-income population.

Bears

China’s retail space is highly competitive, with emerging developers' malls entering to compete against HLP’s existing malls.

Show More

Trading Information

Previous Close Price
HK$6.67
Day Range
HK$6.46–6.60
52-Week Range
HK$6.38–10.30
Bid/Ask
HK$6.49 / HK$6.50
Shares Outstanding
5.20B
Market Cap
HK$33.72B
Volume/Avg
1M / 8M

Key Statistics

Price/Earnings (Normalized)
14.33
Price/Sales
3.04
Dividend Yield (Trailing)
7.80%
Dividend Yield (Forward)
7.80%
Dividend Payment Schedule
Jun, Sep
Total Yield
7.80%

Company Profile

Hung Lung Properties, or HLP, is the property arm of Hang Lung Group Limited and primarily operates premium commercial properties in mainland China and Hong Kong. The company also develops and sells residential properties in both regions. Most of its revenue is generated from mainland China, with a focus on retail malls in Tier 1 and 2 cities including Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang and Tianjin. The company is 59% owned by Hang Lung Group.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Mid Value
Total Number of Employees
4,548
Website
https://www.hanglung.com

Competitors

Valuation

View More
Metric
00101
01972
01997
Price/Earnings (Normalized)
 14.3344.5263.49
Price/Book Value
 0.250.520.52
Price/Sales
 3.048.387.27
Price/Cash Flow
 6.4317.9413.40
Price/Earnings
00101
01972
01997

Financial Strength

Metric
00101
01972
01997
Quick Ratio
 0.580.580.19
Current Ratio
 1.451.190.24
Interest Coverage
 4.984.900.26
Quick Ratio
00101
01972
01997

Profitability

Metric
00101
01972
01997
Return on Assets (Normalized)
 0.94%2.11%2.89%
Return on Equity (Normalized)
 1.56%2.77%3.65%
Return on Invested Capital (Normalized)
 1.42%2.51%3.54%
Return on Assets
00101
01972
01997

Real Estate Services Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
CBRE Group Inc Class A
CBRE
LOCK|PX!QqjLOCK|m&&jl$38B
 KE Holdings Inc ADR
BEKE
LOCK|%Sf>pvsLOCK|M#Qs$19B
 Sumitomo Realty & Development Co Ltd
SURDF
—LOCK|x?$19B
 Sumitomo Realty & Development Co Ltd ADR
SURYY
—LOCK|RF$$19B
 Swire Properties Ltd
SWPFF
—LOCK|jT^%>$18B
 Cellnex Telecom SA ADR
CLLNY
—LOCK|bYxb$17B
 Cellnex Telecom SA
CLNXF
—LOCK|L%Tzf$17B
 Jones Lang LaSalle Inc
JLL
LOCK|nvR&&^?LOCK|LCyS$14B
 CoStar Group Inc
CSGP
LOCK|Nzmg#<LOCK|G<J&v$11B
 Cushman & Wakefield Ltd
CWK
LOCK|>^s?cP@LOCK|J#g$3B

Sponsor Center