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.

Zhitong Finance19:35 ET

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.

Zhitong FinanceAug 7 04:52 ET

Earnings Miss: Hang Lung Properties Limited Missed EPS By 51% And Analysts Are Revising Their Forecasts

Simply Wall StAug 1 18:13 ET

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.

新浪港股Aug 1 05:31 ET

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.

wallstreetcnAug 1 03:51 ET

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.

Zhitong FinanceAug 1 02:43 ET