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← CockpitCompetitor Analysis › 0010.HK Hang Lung Group LimitedOpen in the cockpit ↗

Hang Lung Group Limited0010.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Real Estate›Real Estate Development

Holding company controlling Hang Lung Properties; value derives mainly from its listed mall/office property subsidiary.

≈ The parent holding company above a HK/China mall landlordMomentum neutral 51
Mkt cap
$2.14B
US dollars, full cap
Free float
59%
of shares outstanding
$/day
$1.18M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 5.7%
Hurdle
n/a
no reverse DCF
Close · HKDHK$12.35
1D-1.7%
1W+1.1%
1M+1.6%
3M-6.7%
6M-24.8%
YTD-19.0%
1Y-16.8%
ATR %1.9%
52w lowhigh29.6% off high

What Hang Lung does

Holding company controlling Hang Lung Properties; value derives mainly from its listed mall/office property subsidiary.

Reports the rental income of its subsidiary Hang Lung Properties, whose malls and offices, chiefly in mainland China with others in Hong Kong, carry almost all of the group's earnings. Because the group owns only a majority of that listed company, part of the profit belongs to its minority shareholders.

In one line: The parent holding company above a HK/China mall landlord.

Products and services

  • Stake in Hang Lung Properties
  • Other investments

Where it sits in the supply chain

  • Real estate
  • Holding company
  • Premium mall/office property (via…

What could go right

  • Mainland China luxury retail recovery (via subsidiary)

What could go wrong

  • Holding-company discount
  • China consumer slowdown

Moat: narrow (installed base, brand). Value derives mainly from its controlling stake in Hang Lung Properties' mall portfolio.

Headquarters: Hong Kong · Founded: 1960 · Employees: 4,595

Named competitors

Hang Lung at a glance

Size Hang Lung (0010.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $2.14B, the 404th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$12.35 on 6 Nov 2026.

Performance Over six months the shares fell 24.8%, against -5.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue grew 9.2% over the last twelve months (peer median +8.6%); the operating margin is 53.3% (peer median 23.5%).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 900010.HK 76
Six months, rebased to 100: Hang Lung against the median of its 20 peers (local-currency closes).

Hang Lung financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$11.6BHK$10.4BHK$11.8BHK$10.9BHK$10.9B
Revenue growth—-11%+8%-1%—
Gross profitHK$6.84BHK$6.84BHK$6.83BHK$7.79BHK$7.68B
EBITDAHK$6.31BHK$6.31BHK$6.27BHK$7.20BHK$7.08B
Net incomeHK$1.42BHK$1.37BHK$1.61BHK$2.81BHK$2.72B
Free cash flowHK$5.04BHK$4.02BHK$1.00M-HK$840MHK$378M
Capital expenditureHK$558MHK$303MHK$3.28BHK$3.13BHK$2.72B
Total debtn/aHK$55.2BHK$58.1BHK$51.0BHK$46.2B

Quarterly statements and history in the cockpit →

Hang Lung competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%LUMOSREHUFV-ANMRK60980014000620000537ALTAHOMEIRENFABGWIHL60006488768848600675MVCARG0005060010.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Hang Lung is the large dot.

Hang Lung competitors and peer comparison

Head to head with its named competitors (0010.HK vs 0101.HK vs 0004.HK vs 1972.HK)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Hang Lung 0010.HK$2.14B-25%+9%53%n/an/a
Hang Lung Ppt 0101.HK$4.40B-29%+10%53%n/an/a
Wharf (Holdings) 0004.HK$7.92B-32%-1%41%n/an/a
Swire Properties 1972.HK$19.4B+4%+6%49%n/an/a
China Res Land 1109.HK$29.1B-7%-12%16%n/an/a
Wharf Reic 1997.HK$12.6B+24%-1%73%n/an/a

How Hang Lung compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hang Lung against its 20 peers (data as of 6 Nov 2026)
Measure0010.HKPeer medianRank in peer set
1-month return+1.6%+1.3%10th highest of 21
6-month return-24.8%-5.4%4th lowest of 21
Distance from 52-week high-29.6%-23.6%8th lowest of 21
Revenue growth (TTM)+9.2%+8.6%11th highest of 21
Operating margin53.3%23.5%7th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Hang Lung 0010.HKHong Kong$2.14B-25%+9%53%n/an/an/a
Lumo Homes LUMO.HEFinland$2.14B-3%+1%59%n/an/an/a
Sirius Real Estate SRE.LUnited Kingdom$2.14B+1%+13%41%n/an/an/a
Hufvudstaden HUFV-A.STSweden$2.14B-5%-4%47%n/an/an/a
Newmark NMRKUnited States$2.16B-29%+16%7%n/an/an/a
Country Garden Services 6098.HKHong Kong$2.13B-21%+11%4%n/an/an/a
Hysan Development 0014.HKHong Kong$2.16B-20%-2%72%n/an/an/a
Winnovation Culturaltainment Development Limited 000620.SZChina$2.12B-6%+14%-39%n/an/an/a
Green Development Electricity Group of Tianjin 000537.SZChina$2.19B-28%+13%31%n/an/an/a
Altarea SCA ALTA.PAFrance$2.05B-31%-20%9%n/an/an/a
Neinor Homes HOME.MCSpain$2.04B+10%+165%10%n/an/an/a
Investis IREN.SWSwitzerland$2.26B-2%+10%67%n/an/an/a
Fabege FABG.STSweden$2.02B-16%+27%59%n/an/an/a
Wihlborgs Fastigheter WIHL.STSweden$2.28B-14%+7%70%n/an/an/a
Nanjing Gaoke 600064.SSChina$2.00B-4%+4%-18%n/an/an/a
Relo 8876.TJapan$2.30B+21%+7%20%n/an/an/a
Leopalace21 8848.TJapan$1.99B+52%+3%8%n/an/an/a
China Enterprise 600675.SSChina$1.98B-15%-35%4%n/an/an/a
Metrovacesa MVC.MCSpain$1.95B-5%+58%13%n/an/an/a
Argan ARG.PAFrance$1.95B+14%+5%78%n/an/an/a
Zhaojin International Gold 000506.SZChina$1.95B-13%+42%27%n/an/an/a

Questions

Who are Hang Lung's main competitors?
Named competitors: Hang Lung Properties (0101.HK), Wharf Holdings (0004.HK), Swire Properties (1972.HK), China Resources Land (1109.HK), Wharf Real Estate Investment (1997.HK). The cockpit's measured peer set (industry) also includes Lumo Homes (LUMO.HE), Sirius Real Estate (SRE.L), Hufvudstaden (HUFV-A.ST), Newmark (NMRK), Country Garden Services (6098.HK), Hysan Development (0014.HK).
How has Hang Lung stock performed?
Over six months to 6 Nov 2026 the shares returned -24.8% against -5.4% for the median peer; over one year -16.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.