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<Research>CICC Predicts HANG LUNG PPT's CN Mall Operations to Sustain 3Q Positive Momentum
Recommend 1 Positive 3 Negative 2 |
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HANG LUNG PPT (00101.HK) announced on December 9 its partnership with Wuxi Liangxi Urban Development Company to acquire the operating rights of a landmark commercial project adjacent to Wuxi Hang Lung Plaza through a long-term lease, according to a CICC report. The expansion of the Wuxi project is another milestone achievement under the Hang Lung V.3 strategy, CICC said. HANG LUNG PPT officially launched the Hang Lung V.3 strategy in September 2025, which focuses on the core cities already laid out, with the principle of high capital efficiency, selectively reinvesting in existing projects, and actively expanding the project portfolio through cooperation. Despite the increased YoY base for 4Q25, CICC still expects the retail sales performance of HANG LUNG PPT's malls in China to continue the 3Q25 momentum into October and November, with an estimated YoY retail sales growth of 10% in 3Q25. CICC kept an Outperform rating on HANG LUNG PPT, with a target price of HKD9.46. AAStocks Financial News |
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