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<Research>Citi Raises HANG LUNG PPT's TP to HKD8.65; Rating Kept Buy
HANG LUNG PPT (00101.HK)'s 1H25 mainland retail revenue beat expectations on the back of rental recovery and strong tenant sales, Citi wrote in its research report.In Citi'...
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<Research>Citi Raises HANG LUNG PPT's TP to HKD8.65; Rating Kept Buy
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HANG LUNG PPT (00101.HK)  -0.150 (-1.856%)    Short selling $23.46M; Ratio 19.936%   's 1H25 mainland retail revenue beat expectations on the back of rental recovery and strong tenant sales, Citi wrote in its research report.

In Citi's estimate, HANG LUNG PPT's earnings will resume growth from 2H25 through 2027, considering an around 5% growth in retail rental income in 2H, the opening of the office and retail sections of Westlake 66 in Hangzhou in 2H25 and 1H26, respectively, and a drop in the average interest rate.

Related NewsM Stanley: HANG LUNG PPT's 1H EPS Miss; Intact Full-Yr Div. Still Questionable
The broker kept a Buy rating on the group and raised its target price from HKD7.05 to HKD8.65.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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