Hang Lung: HK Retail to Continue to Face Strong Headwinds in Coming Yr; Growth Momentum Remains to be Seen

　　HANG LUNG GROUP (00010.HK) -0.380 (-4.241%) Short selling $5.54M; Ratio 18.720% and HANG LUNG PPT (00101.HK) -0.750 (-11.737%) Short selling $70.16M; Ratio 19.045% announced their interim results today.

　　The Group did not have a large inventory of Hong Kong properties. Therefore, it is not in a hurry to cash in, and will decide on the timing of sales depending on the market situation and demand, in the hope that there will be breathing room for the property market in the wake of the interest rate cuts in the future, Weber Lo, Chief Executive Officer of HANG LUNG GROUP and HANG LUNG PPT, said.

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

　　For retail, Lo expected that Hong Kong will continue to face strong headwinds in the next 12 months, and the growth momentum remains to be seen.