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<Research>JPM: HANG LUNG PPT (00101.HK) Upgraded to Overweight w/ TP $10 on Performance Stabilization
Recommend 5 Positive 6 Negative 4 |
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JPMorgan released a research report turning more optimistic on HANG LUNG PPT (00101.HK) as it observed a stabilization in mainland China tenant sales, with YoY decline narrowing from 7% in 1Q25 to 1% in 2Q25. As a result, the broker upgraded HANG LUNG PPT from Neutral to Overweight, and lifted its target price from $7.5 to $10. JPMorgan also believed that the Company's 6.5% dividend yield remains attractive among peers, and the stock has been one of the worst performers in the industry, dropping as much as 51% from its peak compared to a 7% decline among peers, indicating clear laggard to chase. AASTOCKS Financial News Website: www.aastocks.com |
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