Hang Lung Properties Ltd
00101: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$77.00 | Vqz | Bttpzfzb |
Luxury Segment in Mainland China a Key Growth Driver for Hang Lung Properties
Business Strategy and Outlook
Hang Lung Properties is unique in the field of real estate companies in Hong Kong. Beginning in the late 1990s, the company pursued a strategy of fully pivoting from Hong Kong residential development to Chinese commercial properties. So thorough was the pivot that the company has not made any land acquisitions in Hong Kong for nearly 20 years, until late 2020.