Hang Lung Properties' Tenant Sales Appear to Be Recovering -- Market Talk
Dow Jones02-02 16:03
0803 GMT - Sales for tenants of Hang Lung Properties appear to be on the path to recovery, say DBS Group Research analysts in commentary. The Hong Kong-listed property company's 2025 underlying profit beat DBS's estimate due to lower-than-expected net finance costs. Tenant sales across its China portfolio rose 4% on year, reversing from a decline in 1H, which indicates a strong 2H rebound. The broad-based recovery suggests gradually improving consumer sentiment in China, the DBS analysts say. DBS maintains a buy rating and a HK$10.50 target price. Shares fall 2.0% to HK$9.24. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 02, 2026 03:03 ET (08:03 GMT)
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