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<Research>Citi: HANG LUNG PPT (00101.HK)'s Interim DPS Stable; Underlying Profit in Line
HANG LUNG PPT (00101.HK)'s 1H25 underlying profit declined by 8.5% YoY to $1.587 billion, in line with expectation, accounting for 53% of Citi Research's estimation for the...
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<Research>Citi: HANG LUNG PPT (00101.HK)'s Interim DPS Stable; Underlying Profit in Line
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HANG LUNG PPT (00101.HK)  -0.150 (-1.856%)    Short selling $23.46M; Ratio 19.936%   's 1H25 underlying profit declined by 8.5% YoY to $1.587 billion, in line with expectation, accounting for 53% of Citi Research's estimation for the current fiscal year (56% for 1H24), according to a research report issued by Citi Research.

The drop in profit was primarily due to a decrease in rental profits, expanded losses from property development & hotel businesses and an 11% YoY increase in net finance costs due to an expanded debt scale, despite lower average financing costs.

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Interim DPS was $0.12, with the Company continuing to offer a scrip dividend option. Implied interim dividend payout ratio was 36% (32% 1H24).

Citi Research expressed interest in HANG LUNG PPT disclosing more information on dividend prospects, with market focus likely on retail sales/rental expectations in mainland China, pre-leasing progress of the Hangzhou Westlake 66 project, capital expenditure plans and fund management.

Therefore, the broker kept rating at Buy for HANG LUNG PPT, with a target price of $7.05.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

Related NewsHANG LUNG PPT 1H25 Underlying NP Down 9% YoY to $1.587B; Interim DPS 12 Cents

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