00101 HANG LUNG PPT
- 5.510
- +0.020+0.36%
HANG LUNG PPT News
Ricacorp Properties: There were 2,558 transactions for second-hand private residential properties in Hong Kong last month, with a stable market. The market is expected to remain under pressure and shrink in the future.
Chen Haichao, head of Lijiagge Real Estate Research Department, said that the cooling effect of the Hong Kong property market has been offset by the high interest rate environment, and the second-hand market is still unlikely to improve temporarily due to the new low-priced properties competing for customers. The market is expected to remain under pressure and stagnant.
Hang Lung Properties Goes Ex Dividend Tomorrow
The real estate sector has two consecutive surges, the China Southern CSI All Share Real Estate ETF and the real estate ETF rose by 2%.
Reducing inventory of existing homes is one of the main focuses of current real estate policies.
The central government supports the real estate industry to accelerate destocking and the industry will rebound significantly with multiple supports.
Recently, the real estate industry has gradually shown bullish signals, providing logical support for a new round of real estate cycle.
GTJA: Real estate industry still focused on destocking, suggesting balanced allocation.
GTJA Securities released a research report stating that from January to July 2024, the scale of land acquisition by real estate companies continued to shrink significantly year-on-year, reflecting a further increase in the concentration of central and state-owned enterprises.
Central Plains Real Estate: Market Expects Fed Interest Rate Cut in September, Buyers Enter the Market on Dips Driving the Recovery of Hong Kong Property Market
After the Fed meeting on August 1, the market is expecting a rate cut in September. The atmosphere in the Hong Kong property market is positive, with buyers entering the market on dips and second-hand transactions picking up, and the sentiment of frontline brokers is stabilizing.
Earnings Miss: Hang Lung Properties Limited Missed EPS By 51% And Analysts Are Revising Their Forecasts
Bank of America Securities: Reiterates neutral rating on Hang Lung Properties with target price lowered to 6.2 HKD.
Bank of America Securities released a research report stating that it reaffirmed its 'Neutral' rating on Hang Lung Properties (00101). Its performance in the first half of this year was lower than expected, and its target price was lowered by 17% from HKD 7.5 to HKD 6.2 per share, which is equivalent to a 73% discount on its asset value per share. The company's management admits that unfavorable factors for high-end retail in mainland China will continue to be affected by outbound tourism in the third quarter, but the fourth quarter may improve. The bank stated that it lowered its earnings per share forecasts for Hang Lung Properties from 2024 to 2026 by 2% to 9%, to HKD 0.843, HKD 0.792 and HKD 0.802, respectively. It is expected that the stock price will fluctuate recently due to the uncertain prospects of rental income, but the stock is still valued highly.
The most stable Henderson's profits in the first half of the year were also halved...| Financial Report News
Hang Lung PPT cuts dividends by 33%, and the overall revenue of luxury shopping malls in mainland China fell by 4% in the first half of the year. According to Goldman Sachs, as luxury goods consumption continues to cool down, the year-on-year growth of luxury goods sales in the second half of 2024 and the whole year will continue to be negative, leading to a year-on-year decrease of 12% in rental EBIT in mainland China.
HK stock abnormal movement | Hang Lung Properties (00101) drops more than 3%, revenue increased in the first half of the year but no profit growth, mid-term dividends decreased by 33%, far below expectations.
Hang Lung Properties (00101) fell more than 3%. As of press time, it fell 3.3% to HKD 5.56 with a turnover of HKD 0.101 billion.
Federal Reserve: Rate cut in September is almost a foregone conclusion. It is expected that the trend of "leasing to buy" in the Hong Kong property market will increase.
Bruce Bu, the executive president of the Residential Department of Meilian Property, commented that the latest interest rate decision announced by the Federal Reserve was as expected by the market, and the interest rate has remained unchanged for 8 consecutive times.
China Index Academy: From January to July, the total amount of land acquired by the top 100 real estate enterprises nationwide was 430.71 billion yuan, a year-on-year decrease of 38.0%.
On August 1st, Zhongzhi Research Institute released a document stating that from January to July 2024, the total land acquisition of the TOP100 enterprises was 430.71 billion yuan, a year-on-year decrease of 38.0%, which continued to increase by 2.2 percentage points compared to the decline from January to June.
HANG LUNG PROP To Go Ex-Dividend On August 15th, 2024 With 0.07681 USD Dividend Per Share
Hong Kong Stock Concept Tracking | Official Document! Promote New Urbanization Construction, Top Real Estate Enterprises Expected to Benefit First (with Concept Stocks)
The State Council recently issued the "Five-year Action Plan for Deepening the Implementation of the People-oriented New Urbanization Strategy".
Lyon downgrades Hang Lung Properties to "hold" with target price reduced to HKD 5.5.
Lyon released a research report stating that Hang Lung Properties (00101) is not attractive in terms of risk and return compared to its peers, so its rating has been downgraded from "outperform" to "hold". Profit for 2024-2026 is also downgraded by 17.8%, 23.5%, and 20.8% respectively to reflect the assumption of a slowdown in sales of luxury homes and serviced apartments in Mainland China. The target price has also been lowered from HK$11.6 to HK$5.5. The report also cited that the company's 33% reduction in mid-term dividend caught the market off guard and caused disappointment. Management explained that this move is to prioritize debt reduction in the challenging environments of Mainland China and Hong Kong.
Morgan Stanley Downgrades Hang Lung Properties to Equal-weight From Overweight; Price Target Is HK$6.50
Citi: Maintains buy rating on Hang Lung Properties, target price lowered to HKD 7.3.
According to a research report released by Citigroup, it maintains a 'buy' rating for Hang Lung Properties (00101) and predicts a profit of 3.5 billion Hong Kong dollars in 2024, which is expected to decrease by 6% in 2025. The target price has been lowered from 11.4 Hong Kong dollars to 7.3 Hong Kong dollars, a decrease of 36%. After Hang Lung Properties cut its interim dividend by 33%, its profit decreased by 22%, and its stock price fell by 12%. The bank expects that the annual dividend per share may be maintained at 0.52 Hong Kong dollars, a decrease of 33% year-on-year. Management said the dividend cut was to maintain the sustainability of its cash flow, and the bank expects debt to peak in 2026. The bank said that Hang Lung Properties' shopping mall tenants in mainland China
Citigroup: Maintains a "buy" rating on Hang Lung Properties (00101) with a target price lowered to HKD 7.3.
Citigroup predicts that Hang Lung Properties (00101) will make a profit of HKD 3.5 billion in 2024, which will decrease by 6% year-on-year in 2025.
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.
Most Hong Kong property stocks are falling. Hang Lung Properties (00101) fell by 14.24%. Morgan Stanley expects the average mid-term core earnings per share for the industry to fall by 7%.
Kinwu Finance News | Most of the Hong Kong property stocks fell, Hang Lung Properties (00101) fell by 14.24%, Swire Properties (01972) fell by 4.4%, SHK PPT (00016) fell by 3.43%, Wharf REIC (01997) fell by 3.33%, and Henderson Land (00012) fell by 2.69%. JPMorgan's research report predicts that Hong Kong property stocks will gradually announce their mid-term or full-year performance in the coming months, with an average core EPS drop of 7%, mainly due to lower rental income, pressure on gross profit of development projects and rising financing costs. Most of the property stocks should have a dividend per share.
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