HSBC Research: Positive Outlook on HANG LUNG PPT (00101.HK) Shopping Mall Business; Price Target Raised to $10.9
HSBC Rating and Target Price: HSBC Global Research maintains a Buy rating on HANG LUNG PPT (00101.HK) and raises its target price from $10.5 to $10.9, citing improved performance in the shopping mall business and a new asset-light expansion strategy.
Earnings Projections: The broker forecasts that HANG LUNG PPT's 2025 earnings will remain flat year-over-year, a significant recovery from a 25% decline the previous year, excluding property sales factors.
Mall Performance Recovery: Tenant sales in HANG LUNG's malls are gradually recovering, particularly in two Shanghai malls, with signs of stabilization in Hong Kong's mall business, which are expected to drive earnings growth in 2026.
Upcoming Financial Results: HANG LUNG PPT is scheduled to announce its 2025 annual results on January 30, 2026, as market conditions show potential for improved earnings.
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JPM Maintains HANG LUNG PPT as Preferred Choice, Raises Target Price to HKD12
Tenant Sales Recovery: HANG LUNG PPT reported an 18% year-on-year growth in tenant sales for 4Q25, indicating a strong recovery in China, surpassing the 10% growth seen in 3Q25.
Future Growth Expectations: Management anticipates mid-single-digit percentage growth in tenant sales for FY26, maintaining positive momentum as of January 2026.
Valuation Insights: JPMorgan highlights HANG LUNG PPT's current valuation as attractive, with a 66% discount to net asset value, a P/B ratio of 0.3, and a dividend yield of 5.5%.
Analyst Recommendations: JPMorgan has reiterated HANG LUNG PPT as a top pick in the industry, raising its target price from HKD11.5 to HKD12, citing the potential for revaluation driven by the recovery in tenant sales.
Citi Increases HANG LUNG PPT's Target Price to HKD11.2, Maintains Buy Rating
Stock Performance: HANG LUNG PPT (00101.HK) experienced a decline of 1.377%, with short selling amounting to $58.83M and a ratio of 13.073%.
Sales Growth Forecast: Citi's research report indicates potential for 5-7% same-store sales growth in China by 2026, driven by an improved product mix and new flagship store openings.
Historical Sales Increase: The estimated same-store sales growth for HANG LUNG PPT in 4Q25 is projected to reach an 18% year-over-year increase, attributed to initiatives aimed at boosting customer traffic and retention.
Analyst Rating Update: Citi has maintained a Buy rating for HANG LUNG PPT and increased its target price from HKD10.1 to HKD11.2, reflecting positive outlook on the company's performance.
HANG LUNG PPT Reports 3.5% Increase in Full-Year Underlying Net Profit to $3.202B; Final Dividend Maintained at 40 Cents
Stock Performance: HANG LUNG PPT (00101.HK) experienced a decline of 2.567%, with a short selling amount of $10.37 million and a ratio of 11.431%.
Annual Results Announcement: The company reported its annual results for the year ending December 2025, showing an underlying net profit of $3.202 billion, which is a 3.5% increase year-over-year.
HSI Rises by 699 Points, Reaching Highest Level in Over 4.5 Years; Financials, Developers, and Commodity Stocks Lead Gains
Market Performance: The Hong Kong bourse saw significant gains, with the HSI closing at 27,826, up 699 points or 2.6%, marking its highest level in over four and a half years, driven by a decline in the USD Index (DXY).
Sector Highlights: Financials, property developers, and resource stocks performed well, with notable increases in shares of HSBC, BOC Hong Kong, and various Chinese banks, as well as significant gains in property and resource companies.
Gold and Silver Surge: Spot gold prices exceeded USD 5,200, and silver futures rose sharply, with companies like SD Gold and Zijin Gold International seeing substantial increases in their stock prices.
Tech Sector Movements: Major tech stocks such as Tencent, Alibaba, and Meituan experienced moderate gains, while Kuaishou and Bilibili saw sharper increases, reflecting a positive trend in the technology sector.
<Full-day Summary> HSI Gains 699 Points; HSTI Rises 145 Points; CHINAHONGQIAO Surges Over 7%; CHINAHONGQIAO, XINYI GLASS, PETROCHINA, CNOOC, SINOPEC CORP Reach Record Highs; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 699 points (2.6%) to close at 27,826, with significant gains also seen in the HSTI and HSCEI, reflecting a strong market turnover of $361.52 billion.
Top Gainers: Notable heavyweights like Tencent, Xiaomi, and Alibaba saw increases of 2.3%, 2.1%, and 2.1% respectively, while Chinahongqiao and Pop Mart led the HSI & HSCEI constituents with gains of 7.3% and 7.0%.
Short Selling Activity: High short selling ratios were observed across various stocks, with Ping An and BYD Company showing significant short selling amounts, indicating investor caution despite overall market gains.
Noteworthy Movements: Stocks like Unisound and Chalco experienced dramatic price changes, with Unisound surging by 73.8% while XXF and Adicon Holdings faced declines of 14.5% and 12.0% respectively.
HSI Rises 598 Points at Midday, Reaching Over 4.5-Year High; Financials, Developers, and Commodities Flourishing
Market Performance: The HSI rose by 598 points (2.2%) to 27,725, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD196.327 billion.
Financial Stocks Surge: Major financial stocks like HSBC, BOC Hong Kong, and Standard Chartered saw increases of 2.1% to 2.9%, contributing to a positive trend in the financial sector.
Property and Resource Stocks Rally: Hong Kong developers and Chinese developers experienced substantial gains, with some stocks like China Jinmao and Greentown China rising by over 6%, while resource stocks also saw significant increases.
Tech and AI Stocks Growth: Tech stocks such as Tencent and JD-SW gained between 1.5% and 2.4%, while AI-related stocks like SenseTime and Unisound saw notable increases, with Unisound jumping by 38.2%.
JPM Maintains HANG LUNG PPT as Preferred Choice, Raises Target Price to HKD12
Tenant Sales Recovery: HANG LUNG PPT reported an 18% year-on-year growth in tenant sales for 4Q25, indicating a strong recovery in China, surpassing the 10% growth seen in 3Q25.
Future Growth Expectations: Management anticipates mid-single-digit percentage growth in tenant sales for FY26, maintaining positive momentum as of January 2026.
Valuation Insights: JPMorgan highlights HANG LUNG PPT's current valuation as attractive, with a 66% discount to net asset value, a P/B ratio of 0.3, and a dividend yield of 5.5%.
Analyst Recommendations: JPMorgan has reiterated HANG LUNG PPT as a top pick in the industry, raising its target price from HKD11.5 to HKD12, citing the potential for revaluation driven by the recovery in tenant sales.
Citi Increases HANG LUNG PPT's Target Price to HKD11.2, Maintains Buy Rating
Stock Performance: HANG LUNG PPT (00101.HK) experienced a decline of 1.377%, with short selling amounting to $58.83M and a ratio of 13.073%.
Sales Growth Forecast: Citi's research report indicates potential for 5-7% same-store sales growth in China by 2026, driven by an improved product mix and new flagship store openings.
Historical Sales Increase: The estimated same-store sales growth for HANG LUNG PPT in 4Q25 is projected to reach an 18% year-over-year increase, attributed to initiatives aimed at boosting customer traffic and retention.
Analyst Rating Update: Citi has maintained a Buy rating for HANG LUNG PPT and increased its target price from HKD10.1 to HKD11.2, reflecting positive outlook on the company's performance.
HANG LUNG PPT Reports 3.5% Increase in Full-Year Underlying Net Profit to $3.202B; Final Dividend Maintained at 40 Cents
Stock Performance: HANG LUNG PPT (00101.HK) experienced a decline of 2.567%, with a short selling amount of $10.37 million and a ratio of 11.431%.
Annual Results Announcement: The company reported its annual results for the year ending December 2025, showing an underlying net profit of $3.202 billion, which is a 3.5% increase year-over-year.
HSI Rises by 699 Points, Reaching Highest Level in Over 4.5 Years; Financials, Developers, and Commodity Stocks Lead Gains
Market Performance: The Hong Kong bourse saw significant gains, with the HSI closing at 27,826, up 699 points or 2.6%, marking its highest level in over four and a half years, driven by a decline in the USD Index (DXY).
Sector Highlights: Financials, property developers, and resource stocks performed well, with notable increases in shares of HSBC, BOC Hong Kong, and various Chinese banks, as well as significant gains in property and resource companies.
Gold and Silver Surge: Spot gold prices exceeded USD 5,200, and silver futures rose sharply, with companies like SD Gold and Zijin Gold International seeing substantial increases in their stock prices.
Tech Sector Movements: Major tech stocks such as Tencent, Alibaba, and Meituan experienced moderate gains, while Kuaishou and Bilibili saw sharper increases, reflecting a positive trend in the technology sector.
<Full-day Summary> HSI Gains 699 Points; HSTI Rises 145 Points; CHINAHONGQIAO Surges Over 7%; CHINAHONGQIAO, XINYI GLASS, PETROCHINA, CNOOC, SINOPEC CORP Reach Record Highs; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 699 points (2.6%) to close at 27,826, with significant gains also seen in the HSTI and HSCEI, reflecting a strong market turnover of $361.52 billion.
Top Gainers: Notable heavyweights like Tencent, Xiaomi, and Alibaba saw increases of 2.3%, 2.1%, and 2.1% respectively, while Chinahongqiao and Pop Mart led the HSI & HSCEI constituents with gains of 7.3% and 7.0%.
Short Selling Activity: High short selling ratios were observed across various stocks, with Ping An and BYD Company showing significant short selling amounts, indicating investor caution despite overall market gains.
Noteworthy Movements: Stocks like Unisound and Chalco experienced dramatic price changes, with Unisound surging by 73.8% while XXF and Adicon Holdings faced declines of 14.5% and 12.0% respectively.
HSI Rises 598 Points at Midday, Reaching Over 4.5-Year High; Financials, Developers, and Commodities Flourishing
Market Performance: The HSI rose by 598 points (2.2%) to 27,725, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD196.327 billion.
Financial Stocks Surge: Major financial stocks like HSBC, BOC Hong Kong, and Standard Chartered saw increases of 2.1% to 2.9%, contributing to a positive trend in the financial sector.
Property and Resource Stocks Rally: Hong Kong developers and Chinese developers experienced substantial gains, with some stocks like China Jinmao and Greentown China rising by over 6%, while resource stocks also saw significant increases.
Tech and AI Stocks Growth: Tech stocks such as Tencent and JD-SW gained between 1.5% and 2.4%, while AI-related stocks like SenseTime and Unisound saw notable increases, with Unisound jumping by 38.2%.
