Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>M Stanley Adds HANG LUNG PPT (00101.HK) TP to $10.5 on Improving CN Retail Biz
Recommend 6 Positive 21 Negative 11 |
||||
|
||||
|
Morgan Stanley issued a research report adding its target price for HANG LUNG PPT (00101.HK) from $9 to $10.5 on improved fundamentals and narrower NAV discount (from 60% to 50%), with rating kept at Overweight. The Group's retail business in mainland China is beginning to improve, with 3Q25 tenant sales at Shanghai's Grand Gateway 66/ Plaza 66 increasing by 31%/ 8% YoY, compared to a 10% increase/ 8% decline in 1H25, the report said. The luxury group LVMH reported an improvement in its China business in 3Q25, along with the opening of LAOPU GOLD (06181.HK) store at Plaza 66 and the opening of Hangzhou mall, all of which are key catalysts, Morgan Stanley added. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
