＜Research＞HSBC Research Chops HANG LUNG PPT (00101.HK) TP to $6.9 as Biz Operation Remains Solid

　　HANG LUNG PPT (00101.HK) +0.080 (+1.418%) Short selling $70.16M; Ratio 19.045% 's interim results were weak, mainly due to the challenging retail market and people's tendency to travel, resulting in poorer sales of tenants in its malls, dragging the Company's share price down by over 10% after results announcement, HSBC Global Research issued a research report saying.

　　HSBC Global Research lowered its 2024-2026 earnings forecasts for HANG LUNG PPT by 4.5-7.8%, and correspondingly chopped its target price from $12.1 to $6.9, equivalent to a net asset value per share forecast of $23.

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　　HSBC Global Research emphasized that the Group's business operation remains stable, and kept rating at Buy.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-30 16:25.)

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