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<Research>HSBC Research: HANG LUNG PPT Sees Improvement in Mall Tenant Sales and Footfall; Rating Buy Kept
Recommend 10 Positive 9 Negative 3 |
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Although HANG LUNG PPT (00101.HK) experienced a seasonal slowdown in March, tenant sales at its malls have remained robust since 2H25, HSBC Global Investment Research said in a report. In 4Q25, overall tenant sales hiked 18% YoY, with full-year footfall touching a record high, and the momentum extending into 2026. The better-than-expected performance was mainly supported by new store openings, retail space expansion and the introduction of pop-up store formats. However, the overall market remains highly competitive and challenging, with middle-class consumers staying cautious on spending, which may affect luxury goods sales. HSBC Global Investment Research maintained its Buy rating on HANG LUNG PPT, with an unchanged TP of HKD10.9. Auto-translated by AI AASTOCKS Financial News |
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