＜Research＞DBS Cuts TP of HANG LUNG PPT (00101.HK) to $9.71; Concerns of Retail Mkt Challenges Already Priced-in

　　DBS noted in a report that HANG LUNG PPT (00101.HK) -0.150 (-2.304%) Short selling $12.53M; Ratio 23.936% 's Westlake 66 shopping mall in Hangzhou is expected to be completed in phases from the end of this year, which should boost the company's medium-term rental income growth. The stock is now a good entry point for long-term investors betting on China's retail market, as the company's low valuation should provide support to the share price. Although its leasing business in China remained challenging, the current price has already priced-in concerns about challenges in the retail market.

　　The broker maintained HANG LUNG's Buy rating and dropped its price target from $12.4 to $9.71.

　　Related NewsUBS Downgrades HANG LUNG PPT, CR MIXC to Neutral, Citing Slowing Luxury Retail Sales in CN

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-24 12:25.)

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