Hang Lung's CEO Weber Lo Set to Retire Next Year
CEO Retirement Announcement: Weber Lo will retire as CEO and Executive Director of Hang Lung Group and Hang Lung PPT by August 31, 2026, with a search for his successor currently underway.
Leadership Transition Support: The Boards expressed gratitude for Lo's leadership and indicated he will continue to provide advisory support in an official capacity after his retirement.
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HANG LUNG GROUP Reports Annual Net Profit of $1.37B, a 15.1% Decrease; Final Dividend Per Share Maintained at 65 Cents
Annual Results Overview: Hang Lung Group reported a turnover decline of 11.4% year-on-year, totaling HK$10.414 billion for the year ending December 2025.
Profit and Earnings: The net profit decreased by 15.1% to HK$1.37 billion, with earnings per share (EPS) reported at HK$1.01.
Dividend Declaration: A final dividend of HK65 cents was declared, maintaining the same amount as the previous year, resulting in a total annual dividend of HK86 cents, unchanged year-on-year.
Market Activity: The stock experienced a short selling of $166.01K, with a short selling ratio of 5.366%.
<Full-day Summary> HSI Falls 580 Points; HSTI Declines 122 Points; CCB and XIAOMI Drop Over 3%; NEW ORIENTAL, SHK PPT, HUABAO INTL, ZOOMLION, and HANG LUNG GROUP Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 580 points (2.1%) to 27,387, with significant declines in other indices, including HSTI and HSCEI, and a market turnover of $301.61 billion.
Active Heavyweights: Major stocks like CCB, Xiaomi, Tencent, and Alibaba experienced notable declines, with short selling ratios indicating increased market activity against these stocks.
Significant Declines: CSPC Pharma, Chinahongqiao, and Zijin Mining saw substantial drops of over 9%, reflecting a broader trend of falling stock prices among HSI and HSCEI constituents.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental hitting a new high, while several other stocks, including SD Gold and Jiangxi Copper, faced significant losses.
