SEHK:101Real Estate
Hang Lung Properties (SEHK:101) Stock Trails Revenue Growth As Margins Tighten
Hang Lung Properties went into this earnings print with the stock down about 21% over the past three months, yet still edging higher over the past month. The headline this half is not revenue, which came in at HK$6,109m, but pressure on profitability. Net profit margin for the last 12 months sits at 14.9%, well below the prior year’s 19.8%, and a large one off loss of HK$1.3b still hangs over the numbers.
For short term traders, that margin squeeze is the story. For long term investors, the...