HK's Hang Lung Properties eyes best day in 5-1/2 months as strong results cheer

Hang Lung Properties

29/07/2021 08:27

** Shares of Hang Lung Properties Ltd  0101.HK  rise as much
as 4.6% to HK$19.88, on course for the best day since Feb. 16 
    ** Stock hits the highest since June 11, extending gains for
the second session; the second biggest percentage gainer in the 
Hang Seng property sub-index  .HSNP 
    ** The property developing and leasing group posts a net
profit of HK$2.24 bln ($288.1 mln) for six months ended in June,
compared to a net loss of HK$2.54 bln in the same period a year
ago, thanks to strong growth in property leasing in mainland
China  urn:newsml:reuters.com:*:nFWN2P41T1
    ** Says malls rich in luxury content experienced a
significant jump in tenant sales, with overall tenant sales more
than doubling compared to a year ago period, while rental
revenue of malls jumped 38% year on year   
    ** It declares an interim dividend of HK$0.18 per share
against HK$0.17 the same period in 2020  
    ** Shares of controlling parent Hang Lung Group  0010.HK 
climbs 1.4%
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  gains 0.4%, and the benchmark index  .HSI  jumps 2.9%
    ** Stock of Hang Lung Properties had fallen 7.1% this year
as of last close 

    ($1 = 7.7755 Hong Kong dollars)

 (Reporting by Donny Kwok; Editing by Edmund Blair)
 ((donny.kwok@thomsonreuters.com))