Core Viewpoint - Morgan Stanley reports that Hang Lung Properties (00101) has seen a significant improvement in mainland tenant sales in Q3, with a year-on-year increase of 10%, surpassing the bank's low single-digit growth expectation and reversing a 1% decline in the previous quarter [1] Group 1: Company Performance - Hang Lung Properties' Q3 tenant sales improved significantly, with a 10% year-on-year increase [1] - The company’s dividend yield stands at 5.9%, making it an attractive investment option [1] - The performance during the National Day Golden Week was strong, with tenant sales increasing by 15% in the first four days compared to the previous year [1] Group 2: Future Outlook - Morgan Stanley expects the trend of improving tenant sales to continue into Q4, supported by new tenants like Lao Pu Huang (06181) and the expansion of existing tenants at Shanghai Hang Lung Plaza [1] - Hang Lung Properties is listed as one of Morgan Stanley's top two real estate stock picks, with a target price of HKD 10 [1] - Another preferred stock by Morgan Stanley is Swire Properties (01972), which is also expected to benefit from the recovery of the Chinese retail market [1]

Core Viewpoint - Morgan Stanley reports that Hang Lung Properties (00101) has shown significant improvement in tenant sales in mainland China during Q3, with a year-on-year increase of 10%, surpassing the bank's low single-digit growth expectation and reversing a 1% decline in the previous quarter [1] Group 1: Company Performance - Hang Lung Properties' tenant sales during the National Day Golden Week saw a remarkable 15% year-on-year increase in the first four days [1] - The introduction of new tenants, such as Lao Pu Huang (06181), at Shanghai Hang Lung Plaza, along with the expansion of existing tenants, is expected to sustain the improvement in tenant sales into Q4 [1] Group 2: Investment Outlook - With a dividend yield of 5.9% and improving tenant sales data, Morgan Stanley continues to list Hang Lung as one of its top two preferred real estate stocks, maintaining an "Overweight" rating and a target price of HKD 10 [1] - Another preferred stock by Morgan Stanley is Swire Properties (01972), which is also anticipated to benefit from the recovery of the Chinese retail market [1]

Core Viewpoint - UBS reports that Hang Lung Properties' management revealed a 10% year-on-year growth in tenant sales in mainland China for Q3, reversing the declines of -7% in Q1 and -1% in Q2 [1] Group 1: Sales Performance - Q3 tenant sales in Shanghai Hang Lung Plaza and Port 88 increased by 8% and 31% year-on-year, respectively, showing improvement compared to the first half of the year [1] - Overall tenant sales in mainland China for Q3 remain 10% lower compared to 2023, but have improved from a 16% decline in the first half of the year [1] Group 2: Golden Week Performance - The sales growth trend continued into the National Day Golden Week, with a 15% year-on-year increase in tenant sales during the first four days and a 3% increase in foot traffic [1] - The overall sales growth is primarily driven by domestic champion brands, while traditional luxury brand tenant sales recorded slight growth from July to August [1] Group 3: Future Expectations - With the anticipated openings of the Old Shop Golden and Chanel flagship stores at the end of October and November, respectively, tenant sales growth at Shanghai Hang Lung Plaza is expected to accelerate further [1] - UBS expects the stock price to respond positively to the strong sales performance and maintains a "Buy" rating for Hang Lung Properties with a target price of HKD 9.6 [1]

摩根大通发表研究报告指，恒隆地产内地租户销售在第三季显著改善，按年增长10%，好过该行低 单位数增长预期，扭转次季的1%跌幅。公司又指，旗下商场国庆黄金周表现继续亮丽，国庆长假首四 天租户销售按年增长15%。随着上海恒隆广场引入老铺黄金等新租户，以及现有租户的扩张，摩通预计 恒隆租户销售改善趋势能延续至第四季。考虑到其股息回报率达5.9%，加上内地租户销售数据改善， 摩通继续将恒隆列为两大地产股首选之一，评级为"增持"，目标价10港元；另一首选股为太古地产，预 料将同样受惠于零售市道复苏。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com （责任编辑：郭健东 ） ...

Core Viewpoint - Hang Lung Properties (00101) experienced a stock price increase of over 3%, reaching HKD 9.07, with a trading volume of HKD 63.39 million, following the release of strong preliminary operational data for its properties in mainland China and Hong Kong during the National Day Golden Week [1] Group 1: Operational Performance - The preliminary operational data for the period from October 1 to 4, 2025, indicates significant growth in tenant sales and foot traffic in mainland shopping malls, with total tenant sales increasing by approximately 15% year-on-year [1] - Notable performances were recorded at Wuhan Hang Lung Plaza and Shanghai Port International Plaza, where tenant sales surged by over 70% and 50%, respectively [1] - On National Day (October 1), tenant sales in the mainland property portfolio saw a year-on-year increase of over 20%, with 70% of operational malls achieving double-digit growth [1] Group 2: Marketing Strategies - The strong performance during the Golden Week can be attributed to a variety of marketing activities and effective membership promotion strategies implemented across the mainland properties [1] - Wuhan Hang Lung Plaza attracted a large number of customers due to the debut of the popular IP "ButterBear" autumn baking workshop, resulting in tenant sales doubling compared to the previous year [1]

Core Viewpoint - Hang Lung Properties (00101) has shown a strong performance with a stock increase of over 3%, reaching HKD 9.07, driven by positive preliminary operational data from its property portfolio in mainland China and Hong Kong during the National Day Golden Week [1] Group 1: Operational Performance - The preliminary operational data for the property portfolio from October 1 to 4, 2025, indicates significant growth in tenant sales and foot traffic in mainland China, with a total tenant sales increase of approximately 15% year-on-year [1] - Notably, Wuhan Hang Lung Plaza and Shanghai Port International Hang Lung Plaza experienced remarkable sales growth, with tenant sales surging over 70% and 50% respectively [1] - On October 1, the National Day itself, tenant sales in the mainland property portfolio increased by over 20%, with 70% of the operational malls recording double-digit growth [1] Group 2: Marketing Strategies - The strong performance during the holiday period can be attributed to effective marketing activities and promotional strategies, including a successful membership promotion [1] - The popularity of the "ButterBear" autumn baking workshop at Wuhan Hang Lung Plaza significantly attracted customers, leading to a doubling of tenant sales compared to the previous year [1]

恒隆地产旗下内地物业组合在前四日总租户销售额较去年同期(四日)增长约15%。国庆节(10月1日)当 天，内地物业组合的租户销售额按年增长逾20%，旗下七成营运商场均录得双位数增长。 10月9日，恒隆地产公布，旗下内地及香港的物业组合于2025年国庆黄金周前四日(10月1日至4日)的初 步营运数据。 ...

Core Viewpoint - Hang Lung Properties reported a significant increase in tenant sales for its mainland properties during the first four days of the National Day Golden Week, with an overall year-on-year growth of approximately 15% [1] Group 1: Tenant Sales Performance - Tenant sales for Hang Lung Properties' mainland portfolio increased by over 20% on October 1, with 70% of its operating malls recording double-digit growth [1] - Wuhan Hang Lung Plaza and Shanghai Port International Hang Lung Plaza were the standout performers, with tenant sales surging by over 70% and 50% respectively [1] - The overall tenant sales for the mainland portfolio rose by nearly 20% during the first four days, driven by popular events such as the "ButterBear" autumn baking workshop in Wuhan [1] Group 2: Customer Traffic Insights - The overall customer traffic for the mainland properties increased by over 20% in both Wuxi and Wuhan during the first four days compared to the same period last year [1] - In Hong Kong, customer traffic for the first four days of the National Day Golden Week grew by 4%, with The Peak contributing significantly with a 26% increase [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 恒隆地產有限公司 | | | 呈交日期: | 2025年10月8日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 恒隆地產有限公司並無法定股本，及其股本並無股份面值。 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00101 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 5,002,011,935 ...

恒隆地產有限公司 HANG LUNG PROPERTIES LIMITED （於香港註冊成立之有限公司） （股份代號﹕00101） 董事名單與其角色和職能 恒隆地產有限公司董事會（「董事會」）成員載列如下： 執行董事 陳文博 （董事長） 盧韋柏 （行政總裁） 趙家駒 （首席財務總監） 陳文博 （主席） 盧韋柏 趙家駒 審核委員會 馮婉眉 （主席） 陳南祿 陳嘉正 提名及薪酬委員會 袁偉良 （主席） 陳嘉正 馮婉眉 非執行董事 Andrew Walter Bougourd Ross WEIR 韋安祖 獨立非執行董事 袁偉良 陳南祿 陳嘉正 馮婉眉 李天芳 董事會設立三個委員會。各董事會成員在該等委員會中所擔任的職位載列如下： 執行委員會 香港，2025年10月1日 ...