智通财经网·2025-08-21 06:30Core Viewpoint - The company is adapting to the new consumer behavior in Hong Kong's retail market, focusing on strengthening its dining segment while maintaining a 100% occupancy rate across all its malls [1][2] Group 1: Retail Market Impact - The overall retail sales in Hong Kong have been declining, leading to a decrease in rental income for the company, which has recorded a single-digit percentage drop [1] - The new consumer behavior is affecting entertainment, general retail, and local attractions, indicating a potential long-term trend that tenants must adapt to [1] Group 2: Strategic Adjustments - The company is actively adjusting its strategy by regularly phasing out unpopular tenants and introducing new brands to enhance customer choices and meet changing consumer demands [1] - The dining segment is a crucial pillar for the company, with its share in malls increasing from approximately 20% to 30%, and it is expected to rise further [1] Group 3: Real Estate Development - The company plans to prioritize the Tuen Mun A16 project, covering an area of 4 million square feet, with the first phase of land tendering involving several hundred thousand square feet and over a thousand residential units [2] - A second project in Tung Chung is also in the pipeline, but the company acknowledges that market conditions are constantly changing, which may affect future plans [2]