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Premium mall and office landlord in Hong Kong and mainland China, known for Plaza 66 in Shanghai.
Premium mall and office landlord in Hong Kong and mainland China, known for Plaza 66 in Shanghai.
Rent from leasing premium malls and offices is its core income, and it has concentrated on mainland China, building a string of landmark '66' malls in cities such as Wuhan, Shenyang and Wuxi, while Hong Kong adds smaller rental and development income. It is the listed property arm of Hang Lung Group, which controls it.
In one line: A Chinese/HK Simon Property Group for luxury malls.
Moat: narrow (brand, installed base, scale). Long-held, well-located luxury mall portfolio with high switching costs for anchor tenants.
Headquarters: Hong Kong · Founded: 1960 · Employees: 4,526
Size Hang Lung Ppt (0101.HK) is a Hong Kong Real Estate company (Real Estate Development) with a market value of $4.40B, the 279th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.62 on 6 Nov 2026.
Performance Over six months the shares fell 29.0%, against -10.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 9.9% over the last twelve months (peer median +2.1%); the operating margin is 53.0% (peer median 18.2%).
Valuation It trades at 11.8× forward earnings against a peer median of 14.0× (6th cheapest of 16).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$11.1B | HK$9.96B | HK$11.3B | HK$10.3B | HK$10.4B |
| Revenue growth | — | -11% | +9% | 0% | — |
| Gross profit | HK$6.54B | HK$6.54B | HK$6.47B | HK$7.40B | HK$7.26B |
| EBITDA | HK$6.03B | HK$6.04B | HK$5.93B | HK$6.83B | HK$6.69B |
| Net income | HK$1.65B | HK$1.81B | HK$2.15B | HK$3.97B | HK$3.84B |
| Free cash flow | HK$4.85B | HK$3.80B | HK$2.86B | -HK$1.11B | HK$127M |
| Capital expenditure | HK$469M | HK$248M | HK$170M | HK$3.08B | HK$2.70B |
| Total debt | n/a | HK$53.9B | HK$57.6B | HK$51.0B | HK$45.8B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hang Lung Ppt 0101.HK | $4.40B | -29% | +10% | 53% | 11.8× | n/a |
| Hongkong Land H78.SI | $17.7B | -1% | -25% | 23% | 20.9× | n/a |
| Wharf Reic 1997.HK | $12.6B | +24% | -1% | 73% | 14.8× | n/a |
| China Res Land 1109.HK | $29.1B | -7% | -12% | 16% | 8.9× | n/a |
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.
| Measure | 0101.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | +3.5% | 9th lowest of 21 |
| 6-month return | -29.0% | -10.3% | 3rd lowest of 21 |
| Distance from 52-week high | -32.8% | -26.3% | 5th lowest of 21 |
| Revenue growth (TTM) | +9.9% | +2.1% | 10th highest of 21 |
| Operating margin | 53.0% | 18.2% | 3rd highest of 21 |
| Forward P/E | 11.8× | 14.0× | 6th cheapest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hang Lung Ppt 0101.HK | Hong Kong | $4.40B | -29% | +10% | 53% | 11.8× | n/a | n/a |
| LEG Immobilien LEG.DE | Germany | $4.39B | -11% | +1% | 34% | 8.1× | n/a | n/a |
| Meritage Homes MTH | United States | $4.38B | +4% | -15% | 7% | 16.2× | n/a | n/a |
| Tokyo Tatemono 8804.T | Japan | $4.37B | -6% | +17% | 22% | 10.3× | n/a | n/a |
| Hangzhou Binjiang Real Estate 002244.SZ | China | $4.27B | -2% | -35% | 6% | 12.8× | n/a | n/a |
| Seazen 601155.SS | China | $4.23B | -15% | -39% | 14% | 31.9× | n/a | n/a |
| Shanghai Vital Deeptech 600641.SS | China | $4.20B | +14% | +94% | -27% | n/a | n/a | n/a |
| Howard Hughes HHH | United States | $4.64B | +18% | +32% | 15% | 29.6× | n/a | n/a |
| C&D International Investment 1908.HK | Hong Kong | $4.11B | -15% | -15% | 7% | 8.2× | n/a | n/a |
| Longfor 0960.HK | Hong Kong | $4.05B | -47% | -42% | 1% | n/a | n/a | n/a |
| Shanghai Lujiazui Finance & Trade Zone Development 600663.SS | China | $4.81B | -10% | -21% | 21% | 14.0× | n/a | n/a |
| Millrose Properties MRP | United States | $4.00B | -4% | +93% | 85% | 7.9× | n/a | n/a |
| St. Joe JOE | United States | $3.96B | +6% | +11% | 32% | n/a | n/a | n/a |
| Allreal ALLN.SW | Switzerland | $3.89B | -8% | +3% | 41% | 24.0× | n/a | n/a |
| City Developments C09.SI | Singapore | $5.13B | -11% | +36% | 14% | 14.1× | n/a | n/a |
| Nomura Real Estate 3231.T | Japan | $5.17B | -12% | +19% | 14% | 8.8× | n/a | n/a |
| UOL U14.SI | Singapore | $5.23B | -23% | +2% | 25% | 13.8× | n/a | n/a |
| Tsim Sha Tsui Properties 0247.HK | Hong Kong | $5.24B | -20% | +15% | 34% | n/a | n/a | n/a |
| China Vanke 2202.HK | Hong Kong | $5.28B | -30% | -35% | -27% | n/a | n/a | n/a |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX | United States | $3.62B | +6% | +18% | 76% | 19.5× | n/a | n/a |
| Kerry Properties 0683.HK | Hong Kong | $3.47B | -26% | -22% | 24% | 14.2× | n/a | n/a |