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HANG LUNG Watchful of HK Property Mkt; Luxury Homes Still Defensive
HANG LUNG GROUP (00010.HK) and HANG LUNG PPT (00101.HK) announced their annual results today. CEO Weber W.P. Lo said at the results conference that Hong Kong still needs time to fi...
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HANG LUNG Watchful of HK Property Mkt; Luxury Homes Still Defensive
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HANG LUNG GROUP (00010.HK)  +0.100 (+0.954%)    Short selling $633.06K; Ratio 24.689%   and HANG LUNG PPT (00101.HK)  +0.080 (+1.286%)    Short selling $5.90M; Ratio 28.094%   announced their annual results today. CEO Weber W.P. Lo said at the results conference that Hong Kong still needs time to find a direction for its economic environment and the demand of the property market.

Amid high interest rates, he is taking a wait-and-see attitude towards the property market. Although Hong Kong's luxury property transactions have been under pressure recently, he believed that the luxury properties are pricey and marketable, with defensiveness.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-24 12:25.)

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