0101.HK - Hang Lung Properties Limited

HKSE - HKSE Delayed Price. Currency in HKD
17.980
+0.280 (+1.58%)
At close: 12:08PM HKT
Stock chart is not supported by your current browser
Previous Close17.700
Open18.000
Bid17.960 x 0
Ask17.980 x 0
Day's Range17.840 - 18.200
52 Week Range15.760 - 20.500
Volume5,987,014
Avg. Volume4,776,661
Market Cap80.874B
Beta (5Y Monthly)1.44
PE Ratio (TTM)13.12
EPS (TTM)1.370
Earnings DateJan 21, 2020
Forward Dividend & Yield0.76 (4.23%)
Ex-Dividend DateMay 05, 2020
1y Target Est19.72
  • When Should You Buy Hang Lung Properties Limited (HKG:101)?
    Simply Wall St.

    When Should You Buy Hang Lung Properties Limited (HKG:101)?

    Hang Lung Properties Limited (HKG:101), which is in the real estate business, and is based in Hong Kong, received a...

  • Hong Kong Property Faces a Trust Deficit
    Bloomberg

    Hong Kong Property Faces a Trust Deficit

    (Bloomberg Opinion) -- Hong Kong property companies, whose shares have been beaten down amid this year’s protests, are missing an opportunity to unlock value for shareholders. More should consider packaging their trophy assets into real estate investment trusts to release capital and improve the market’s view of their prospects.The Hang Seng Properties Index has slumped more than 17% from an April high as the unrest disrupted business, deterred home buyers and caused tourists and shoppers to stay away. The broader Hang Seng Index has lost 11%. Many real estate companies are trading at a steep discount to the value of their underlying assets.To understand why developers are trading at a discount, look at the ownership structure. Many are controlled by founding families, who are reluctant to part with their most prized properties. Take Hang Lung Properties Ltd., for example. Chairman Ronnie Chan owns more than half the company, which trades at a price-to-book ratio of 0.52 times.As a result of the reluctance to divest, companies end up acting essentially as landlords rather than developers, stunting the potential for growth. In effect, investors are participating in a bond-like structure by collecting rental income instead of achieving an equity-like return via property development and sales. Concern that Hong Kong is at the peak of a property cycle has also helped to depress valuations, with investors discounting developer shares to reflect the risk of a decline. Hang Lung’s price-to-book ratio has dropped from a peak of more than 1.8 times over the past decade as Hong Kong real estate prices surged.Spinning off rental properties into trusts, or REITs, could help to narrow the discount to net asset value. Such a maneuver would enable family-owned entities to retain control while generating capital from REIT offerings that could be redeployed into better-yielding projects. That in turn would raise return on equity, benefiting owners and investors. The parent company would enjoy higher growth prospects through a relatively asset light model while the REIT provides a steady income stream.Income taxes are the primary obstacle to expansion of Hong Kong’s REIT market. At the moment, Hong Kong property trusts are taxed like corporations at 16.5%. Singapore, by contrasts, grants a tax exemption to REITs holding both domestic and foreign properties as long as they pay out 90% of their income in dividends. In 2014, Hong Kong’s Financial Services Development Council urged the city’s authorities to stimulate the REIT market by introducing a tax break, so far to no avail.That discrepancy has helped Singapore to maintain its lead over Hong Kong as a center for REITs. Singapore, which issued its first property trust in 2002, has 43 now with total assets of $112 billion. Hong Kong’s first listing was Link REIT in 2005. Nine more have followed since, bringing total assets to $67 billion. No new REITs have been issued in Hong Kong since 2013; by contrast, Singapore has seen 11 listings in the past five years.Share performance has also been superior in the Southeast Asian city-state. The S&P Singapore REIT index has returned 25% this year, compared with less than 4% for its Hong Kong equivalent. The valuation gap is stark: Singapore REITs trade at about 1.1 times book, versus 0.6 times for Hong Kong.That might suggest that Hong Kong property companies have little to gain by packaging assets into trusts. Besides the tax issue, the discount may reflect that most REIT listings in Hong Kong to date haven’t included companies’ highest-quality properties. In any case, there’s another solution for the city’s developers: List their REITs in Singapore. That might even sway Hong Kong authorities into reconsidering their stance. (Corrects the year of Link REIT’s listing to 2005 in the seventh paragraph.)To contact the author of this story: Ronald W. Chan at chartwellhk@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Ronald W. Chan is the founder and CIO of Chartwell Capital in Hong Kong. He is the author of “The Value Investors” and “Behind the Berkshire Hathaway Curtain.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Is Hang Lung Properties (HKG:101) Using Too Much Debt?
    Simply Wall St.

    Is Hang Lung Properties (HKG:101) Using Too Much Debt?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

  • Hang Lung Emerald Award Enters its Fifth Year
    PR Newswire

    Hang Lung Emerald Award Enters its Fifth Year

    HONG KONG, Oct. 30, 2019 /PRNewswire/ -- While shopping malls are about meeting customers' needs for shopping and leisure, it is the frontline staff who provide the human touch. To this end, Hang Lung Properties has held the Hang Lung Emerald Award for the fifth year to recognize the outstanding efforts of our frontline staff members and demonstrate Hang Lung's strategies of promoting a customer-centric culture and building Hang Lung's branded experience. The Hang Lung Emerald Award 2019 received 534 nominations from properties across Hong Kong and Mainland China, hitting record high since its inception.

  • If You Had Bought Hang Lung Properties (HKG:101) Shares A Year Ago You'd Have Made 25%
    Simply Wall St.

    If You Had Bought Hang Lung Properties (HKG:101) Shares A Year Ago You'd Have Made 25%

    Passive investing in index funds can generate returns that roughly match the overall market. But if you pick the right...

  • Hang Lung Breaks Ground for its Landmark Project Westlake 66 in Hangzhou
    PR Newswire

    Hang Lung Breaks Ground for its Landmark Project Westlake 66 in Hangzhou

    HONG KONG, Sept. 17, 2019 /PRNewswire/ -- Hang Lung Properties today held the ground-breaking ceremony for its project Westlake 66 in Hangzhou, capital of Zhejiang Province, marking the official debut of the Company's 11th large-scale commercial development on the Mainland. Westlake 66 is situated at the prime location of Bai Jing Fang in the Xiacheng District of Hangzhou, the only remaining large-scale site for commercial development in the district, with a site area of approximately 44,800 square meters and a gross floor area of approximately 194,100 square meters.

  • Could Hang Lung Properties Limited's (HKG:101) Investor Composition Influence The Stock Price?
    Simply Wall St.

    Could Hang Lung Properties Limited's (HKG:101) Investor Composition Influence The Stock Price?

    The big shareholder groups in Hang Lung Properties Limited (HKG:101) have power over the company. Institutions often...

  • Hang Lung's New World-class Office Tower Unveiled at Heartland 66 in Wuhan
    PR Newswire

    Hang Lung's New World-class Office Tower Unveiled at Heartland 66 in Wuhan

    HONG KONG, Sept. 10, 2019 /PRNewswire/ -- The Office Tower of Heartland 66, Hang Lung Properties' first large-scale commercial development in central China, is now open for leasing. Tenants are expected to move into the Grade A Office Tower in the second quarter of next year. The large-scale commercial development is conveniently located on Jinghan Avenue in bustling Qiaokou District, the commercial and business heart of Wuhan, with light rail and mass transit railway accessibility.

  • Spring City 66 in Kunming Opens for Business
    PR Newswire

    Spring City 66 in Kunming Opens for Business

    Kunming's New Landmark -- Home to Nearly 300 Top International and Local Brands HONG KONG , Aug. 23, 2019 /PRNewswire/ -- Spring City 66, Hang Lung Properties' first entry into the southwest region of ...

  • Don't Sell Hang Lung Properties Limited (HKG:101) Before You Read This
    Simply Wall St.

    Don't Sell Hang Lung Properties Limited (HKG:101) Before You Read This

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...

  • What You Must Know About Hang Lung Properties Limited's (HKG:101) Financial Health
    Simply Wall St.

    What You Must Know About Hang Lung Properties Limited's (HKG:101) Financial Health

    With a market capitalization of HK$87b, Hang Lung Properties Limited (HKG:101) is a large-cap stock, which is...

  • Hang Lung Clinches Multiple Awards for its Excellence in Learning and Development
    PR Newswire

    Hang Lung Clinches Multiple Awards for its Excellence in Learning and Development

    HONG KONG, July 5, 2019 /PRNewswire/ -- Hang Lung Properties is pleased to announce that the Company has received accolades presented by two highly acclaimed professional bodies for its outstanding customer service training programs and various initiatives to promote corporate culture. Hang Lung has won the "2018 Excellence Practice Awards" by the Association for Talent Development (ATD) for the first time and two awards in the category of Property Management at the International Customer Relationship Excellence (CRE) Awards for the seventh consecutive year.

  • Hang Lung Launches New Strategic Sustainability Framework
    PR Newswire

    Hang Lung Launches New Strategic Sustainability Framework

    HONG KONG , June 24, 2019 /PRNewswire/ -- Hang Lung Group Limited (Stock Code: 00010) and Hang Lung Properties Limited (Stock Code: 00101) have published their online Sustainability Reports 2018, which ...

  • Should You Be Holding Hang Lung Properties Limited (HKG:101)?
    Simply Wall St.

    Should You Be Holding Hang Lung Properties Limited (HKG:101)?

    Attractive stocks have exceptional fundamentals. In the case of Hang Lung Properties Limited (HKG:101), there's is a...

  • Hang Lung Wins Best Investor Relations Company Award
    PR Newswire

    Hang Lung Wins Best Investor Relations Company Award

    HONG KONG , May 30, 2019 /PRNewswire/ -- Hang Lung Properties Limited is pleased to announce its acceptance of the "Best IR Company (Large Cap)" award at the 5 th Investor Relations Awards (IR ...

  • Is Now An Opportune Moment To Examine Hang Lung Properties Limited (HKG:101)?
    Simply Wall St.

    Is Now An Opportune Moment To Examine Hang Lung Properties Limited (HKG:101)?

    Hang Lung Properties Limited (HKG:101), which is in the real estate business, and is based in Hong Kong, received a...

  • Spring City 66: World-class Office Tower Show Suite Unveiled
    PR Newswire

    Spring City 66: World-class Office Tower Show Suite Unveiled

    KUNMING, China, May 7, 2019 /PRNewswire/ -- Spring City 66, Hang Lung Properties' commercial complex in Kunming, Yunnan Province, today organized a media tour to showcase its world-class Office Tower show suite. Mr. Derek Pang, Director -- Leasing & Management, and Mr. Adrian Lo, Director -- Project Management of Hang Lung Properties, introduced the market positioning, architectural design, features and facilities of Kunming's first ever Grade A Office Tower.

  • Hang Lung Wins Four Honors at the 2019 Asia-Pacific Stevie Awards
    PR Newswire

    Hang Lung Wins Four Honors at the 2019 Asia-Pacific Stevie Awards

    HONG KONG, April 30, 2019 /PRNewswire/ -- Hang Lung Properties is pleased to announce that the Company's customer event and community program have won four accolades at the 2019 Asia-Pacific Stevie Awards, in the event, community relations, and branding categories. The Plaza 66's Home to Luxury celebratory event garnered a Gold Stevie Award in Innovation in Consumer Events and a Silver Stevie Award in Innovation in Business-to-Business Events.

  • Interested In Hang Lung Properties Limited (HKG:101)’s Upcoming HK$0.58 Dividend? You Have 3 Days Left
    Simply Wall St.

    Interested In Hang Lung Properties Limited (HKG:101)’s Upcoming HK$0.58 Dividend? You Have 3 Days Left

    If you are interested in cashing in on Hang Lung Properties Limited's (HKG:101) upcoming dividend of HK$0.58 per share, you only have 3 days left to buy the shares before its ex-dividend date, 03 May 2019, in time for dividends payable...

  • Should You Be Concerned About Hang Lung Properties Limited's (HKG:101) Earnings Growth?
    Simply Wall St.

    Should You Be Concerned About Hang Lung Properties Limited's (HKG:101) Earnings Growth?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Today I will take a look at Hang Lung Properties Limited's (HKG:101) most recent earnings update (31 December 2018) and compa...

  • Reuters

    BRIEF-Hang Lung Properties Says Infinite Harvest And Eagle Century To Establish JV Co

    April 2 (Reuters) - Hang Lung Properties Ltd: * INFINITE HARVEST AND EAGLE CENTURY TO ESTABLISH JV CO ON A 2:1 BASIS FOR RE-DEVELOPMENT OF LAND AT ELECTRIC ROAD, HONG KONG * AGGREGATE FUNDING REQUIREMENT ...

  • PR Newswire

    Hang Lung Publishes 2018 Annual Reports Today

    HONG KONG, March 21, 2019 /PRNewswire/ -- Hang Lung Group Limited (Stock Code: 00010) and Hang Lung Properties Limited (Stock Code: 00101) today published their Annual Reports themed "Building a Sustainable Future" for the Financial Year 2018. Highlighting the Company's five operating strategies, this year's Annual Reports adopt the twin covers design to showcase the unique architectural and design features of our 10 world-class properties, while the respective sections in the Reports focus on the various features of our exceptional performance. The Chairman of Hang Lung Group and Hang Lung Properties, Mr. Ronnie C. Chan, once again personally pens the Chairman's Letters to Shareholders, sharing his in-depth analysis of the industry, high-end retailers and the Company's business.

  • Hang Lung Properties (HKG:101) Shareholders Booked A 28% Gain In The Last Three Years
    Simply Wall St.

    Hang Lung Properties (HKG:101) Shareholders Booked A 28% Gain In The Last Three Years

    Low-cost index funds make it easy to achieve average market returns. But if you invest in individual stocks, some are likely to underperform. For example, the Hang Lung Properties LimitedRead More...

  • PR Newswire

    Hang Lung Recognizes Staff Volunteers' Effort to Give Back to Society

    HONG KONG, Feb. 18, 2019 /PRNewswire/ -- In appreciation of the concerted efforts by members of the Hang Lung As One volunteering team who contributed over 13,000 service hours in Hong Kong and Mainland cities last year, a recognition ceremony was held last Friday (February 15). "Hang Lung encourages all employees to give back to society by making use of their professional expertise and personal interests, which enable them to not only showcase their talents, but also better serve the community," Mr. Weber Lo, CEO of Hang Lung Properties said.

  • Reuters

    BRIEF-Hang Lung Group Posts FY Net Profit Attributable HK$5,285 Mln

    Jan 30 (Reuters) - Hang Lung Group Ltd: * FY NET PROFIT ATTRIBUTABLE HK$ 5,285 MILLION VERSUS HK$5,314 MILLION * FY REVENUE HK$ 10,015 MILLION VERSUS HK$11,774 MILLION * BOARD RECOMMENDS A FINAL DIVIDEND ...