Webe Lo, CEO of HANG LUNG PPT (00101.HK)  -0.150 (-1.856%)    Short selling $23.46M; Ratio 19.936%   , said that tenant sales of its malls fell by 7% in 1Q25, but nearly remained stable in 2Q25, with an overall decline of only 4% in 1H25.

There is a possibility of an increase in 3Q25 and a slight rise in 2H25, as the H- and A-share markets became more prosperous. While the property market has not fully recovered, it is considered stable, boosting consumer confidence.

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The mall business aims for the highest possible occupancy rates, as attracting footfall can increase rent, Chairman Adriel Chan added. The company's office buildings in mainland China are more upscale compared to its peers, with bargaining power and demand for higher rents.

Management has emphasized 'preserving capital and life' in the past five results meetings to endure the most difficult period, Lo noted.

Capital expenditure is expected to gradually decrease in 2026 and 2027, with the net debt to equity ratio depending on interest rates, sales speed and operating income. He believed that the worst time has passed, and would very much like to increase dividends if there is room.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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