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Hang Lung Properties
(0101)
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Rating:63Neutral
Price Target:
HK$8.00
▲(9.59% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by a stable financial profile (strong operating margins and manageable leverage) but held back by weak growth, volatile earnings and free cash flow. Valuation is supported by a high dividend yield, while technicals remain mixed with the stock still below key long-term moving averages.
Positive Factors
Strong operating profitability
Sustained high operating margins indicate that the core property portfolio can generate attractive earnings before financing and valuation effects. This supports resilience across the cycle and provides capacity to fund leasing, asset enhancement and other ongoing property investments.
Negative Factors
Limited top-line growth
Stagnant revenue limits the company’s ability to expand earnings organically and may indicate subdued leasing demand, weak development contribution or constrained rent growth. Without stronger top-line momentum, margin strength alone may not deliver improving shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating profitability
Sustained high operating margins indicate that the core property portfolio can generate attractive earnings before financing and valuation effects. This supports resilience across the cycle and provides capacity to fund leasing, asset enhancement and other ongoing property investments.
Read all positive factors
Hang Lung Properties (0101) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$37.07B
Dividend Yield7.35%
Average Volume (3M)7.87M
Price to Earnings (P/E)21.6
Beta (1Y)1.02
Revenue Growth9.89%
EPS Growth-22.12%
CountryHK
Employees4,526
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.33
Shares Outstanding5,203,082,500
10 Day Avg. Volume6,067,989
30 Day Avg. Volume7,874,991
Financial Highlights & Ratios
PEG Ratio-1.19
Price to Book (P/B)0.31
Price to Sales (P/S)4.25
P/FCF Ratio11.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$9.78Price Target Upside34.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.57
Revenue Forecast (FY)HK$11.68B
Hang Lung Properties Business Overview & Revenue Model
Company Description
Hang Lung Properties Limited is a property developer in Hong Kong and mainland China, focused on developing, owning, and managing a portfolio of high-end commercial, office, and residential properties for long-term investment. The company is a sub...
How the Company Makes Money
Hang Lung Properties makes money mainly through (1) recurring rental and related income from its investment property portfolio and (2) profits from property development sales, with additional contributions from property-related service income.
1)...
Hang Lung Properties Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.11B | 9.96B | 11.24B | 10.35B | 10.35B | 10.33B |
| Gross Profit | 6.39B | 6.39B | 6.46B | 7.42B | 7.26B | 7.38B |
| EBITDA | 5.55B | 6.04B | 5.00B | 6.83B | 6.69B | 6.85B |
| Net Income | 1.65B | 1.81B | 2.15B | 3.97B | 3.84B | 3.87B |
Balance Sheet | ||||||
| Total Assets | 227.97B | 222.91B | 221.65B | 217.30B | 212.69B | 224.24B |
| Cash, Cash Equivalents and Short-Term Investments | 6.50B | 6.33B | 10.30B | 5.35B | 5.23B | 8.52B |
| Total Debt | 53.84B | 54.12B | 57.64B | 50.98B | 45.82B | 46.03B |
| Total Liabilities | 78.98B | 78.45B | 80.60B | 75.18B | 69.54B | 71.85B |
| Stockholders Equity | 138.56B | 134.73B | 131.59B | 132.41B | 133.38B | 141.72B |
Cash Flow | ||||||
| Free Cash Flow | 2.55B | 3.80B | 4.79B | 632.00M | 1.44B | -123.00M |
| Operating Cash Flow | 2.65B | 4.05B | 4.96B | 3.71B | 4.14B | 2.73B |
| Investing Cash Flow | -1.16B | -2.48B | -3.17B | -2.94B | -2.56B | -1.42B |
| Financing Cash Flow | -2.18B | -5.87B | 3.21B | -607.00M | -4.57B | 1.98B |
Hang Lung Properties Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$11.74B | 8.13 | 21.17% | 8.37% | 10.76% | -12.76% | |
72 Outperform | HK$7.01B | 10.26 | 3.22% | 5.22% | -10.82% | -1.24% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$37.07B | 21.59 | 1.21% | 7.35% | 9.89% | -22.12% | |
62 Neutral | HK$16.82B | 54.40 | 1.29% | 6.62% | -1.87% | ― | |
51 Neutral | HK$95.70B | -47.19 | -1.12% | 5.12% | -0.55% | -337.48% | |
43 Neutral | HK$10.08B | -0.44 | -78.55% | 1.26% | -5.44% | -508.26% |
* Real Estate Sector Average
HK:0101
Hang Lung Properties
7.07
-0.93
-11.65%
HK:2669
China Overseas Property Holdings
3.51
-1.48
-29.73%
HK:0014
Hysan Development Co
16.32
1.62
11.01%
HK:0071
Miramar Hotel & Investment Co
10.17
0.70
7.41%
HK:1997
Wharf Real Estate Investment Co
31.28
9.93
46.49%
HK:1528
Red Star Macalline Group Corporation Ltd Class H
1.09
-0.45
-29.22%
Hang Lung Properties Corporate Events
Hang Lung Properties Declares Interim Dividend for First Half of 2026
Jul 31, 2026
Hang Lung Properties Limited has declared an interim ordinary cash dividend of HKD 0.12 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The move underscores the company’s continued commitment ...
Hang Lung Properties Strengthens Audit Oversight With New Committee Appointment
Jul 31, 2026
Hang Lung Properties Limited, a Hong Kong-based listed real estate developer and investor, operates with a diversified board including executive, non-executive, and independent non-executive directors to oversee its property portfolio and strategi...
Hang Lung Properties Updates Board and Committee Structure
Jul 31, 2026
Hang Lung Properties has detailed the current composition of its board of directors, naming Chair Adriel Chan, Chief Executive Officer Weber Wai Pak Lo and Chief Financial Officer Kenneth Ka Kui Chiu as executive directors alongside one non-execut...
Hang Lung Properties Issues Structured 2026 Interim Results
Jul 31, 2026
Hang Lung Properties has released its 2026 interim results announcement, outlining financial highlights, a review of operations, consolidated financial statements, notes to those statements and other corporate information. While the document’...
Hang Lung Properties Sets Board Meeting to Approve Interim Results and Consider Dividend
Jul 2, 2026
Hang Lung Properties has scheduled a board meeting for July 31, 2026 to approve the interim results for the six months ended June 30, 2026. At the same meeting, directors will also consider the declaration of an interim dividend, signaling a forth...
Hang Lung Properties Sets Out Updated Board and Committee Structure
Jun 10, 2026
Hang Lung Properties has outlined the current composition of its board, led by executive chair Adriel Chan, chief executive officer Weber Wai Pak Lo, and chief financial officer Kenneth Ka Kui Chiu, alongside one non-executive and five independent...
Hang Lung Properties Adds Seasoned Finance Veteran Xiao Bin Wang as Independent Director
Jun 10, 2026
Hang Lung Properties has strengthened its board by appointing veteran finance executive Xiao Bin Wang as an independent non‑executive director, effective June 11, 2026. Wang brings more than 35 years of experience in audit, advisory, corpora...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.