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2.9% Earnings Growth Over 3 Years Has Not Materialized Into Gains for Hang Lung Group (HKG:10) Shareholders Over That Period
HANG LUNG GROUP To Go Ex-Dividend On August 15th, 2024 With 0.13441 USD Dividend Per Share
Hang Lung Group's H1 Attributable Profit Falls Despite Revenue Growth
Hong Kong property stocks mostly fell, Hong Kong house price index hit an eight-year low. According to Morgan Stanley, the average earnings per share in the industry fell by an average of 7%.
Most Hong Kong property stocks fell, as of press time, Hang Lung Properties (00101) fell 12.05% to HKD 5.62; Hang Lung Group (00010) fell 4.46% to HKD 8.56; Swire Properties (01972) fell 4.4% to HKD 12.16.
Hong Kong stock market fluctuations | Hang Lung Group (00010) fell more than 5%, with an expected 47% year-on-year decrease in net profit for the first half of the year. The interim dividend remained at HKD 0.21.
Hang Lung Group (00010) fell by more than 5%, as of the time of writing, fell by 5.02%, to HKD 8.51, with a turnover of HKD 18.5762 million.
Hang Lung Group Announces 2024 Interim Results
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