Shopping center developer out of Hong Kong. He sees growth in the consumer in China. Well managed company that has been around for a long time. Basically they run high-end shopping malls. They build them and manage them. Has been selling assets off their balance sheet, typically getting 100 cents on the dollar. Yield of 2.5%.
(Hong Kong exchange.) To him it is the best managed property company in Asia. Extremely conservative management. Exposed to shopping centers. Have some property development in Hong Kong that provides a nice, steady source of cash. Great management, which is extremely good at their due diligence and they invest in sites that are really solid.
Hang Lung is a OTC stock, trading under the symbol 0101-HK on the (). It is usually referred to as or 0101-HK
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In the last year, there was no coverage of Hang Lung published on Stockchase.
On , Hang Lung (0101-HK) stock closed at a price of $.
(Top Pick Nov 7/12, Down 7.06%) The Mall was jam packed when he visited China last. People were carrying parcels in a ratio of 1:2. Premier malls in the premier cities in China. It is down because people are not excited about prospects for China.