Hang Lung Achieves Sustainability Milestone: 80% of Mainland Portfolio Powered by Renewable Energy
HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 27 May 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the 'Company' or 'Hang Lung') announced that the Company has increased its portfolio of renewable energy-powered properties in mainland China from 50% to 80% of its operating properties. The three additional properties—Forum 66 and Palace 66 in Shenyang, and Olympia 66 in Dalian—have transitioned to renewable energy sources since May 1, 2025, and are the first commercial developments in Liaoning Province to achieve this milestone.
Forum 66, Palace 66, and Olympia 66 are the first commercial developments in Liaoning Province to adopt green energy
'This transaction marks a major step towards realizing Hang Lung's 2050 net zero goal . With these latest pioneering renewable energy projects in mainland China, we are proud to continue leading this journey,' said Mr. Adriel Chan, Chair of Hang Lung Properties and Chair of the Sustainability Steering Committee. 'We will continue to pioneer renewable energy initiatives, support the sustainability targets of our partners, and inspire others to accelerate their decarbonization efforts in line with China's dual carbon ambitions.'
The three properties have secured renewable energy from wind and solar sources through power purchase agreements aligned with China's green energy policy framework. By the end of 2025, Hang Lung is expected to purchase a total of approximately 320 million kWh of renewable energy across eight properties. This achievement surpasses the Company's sustainability target of 25% renewable energy for its mainland China portfolio in 2025. Hang Lung's clear demand signal for renewable energy in multiple cities is helping to accelerate the energy transition, empower tenants to advance their own sustainability commitments with direct access to renewable energy, and foster a greener retail and commercial ecosystem in China.
At Forum 66 in Shenyang, the Green Power Purchase Agreement was signed by (from left) Mr. Arthur Wong, Deputy General Manager – Mainland Business Operation of Hang Lung Properties, Mr. John Haffner, Deputy Director – Sustainability of Hang Lung Properties, Mr. Jinzeng Yu, Deputy General Manager of Northeast Region of China Resources Power, and Ms. Airong Yang, General Manager of China Resources (Liaoning) Electric Power Sales Co., Ltd
'As a leading luxury hotel, we work to ingrain sustainability in all aspects of our operations,' said Mr. Erich Kaiserseder, General Manager, Conrad Shenyang. 'It is great news for us and for our guests that Hang Lung has procured renewable energy for its Liaoning properties, including all the electricity for our hotel in Forum 66.'
'Tenants and landlords need to work together to advance common sustainability goals,' said Ms. Xuan Liu, Director, Dacheng Shenyang Law Firm. 'We are very happy that our office space at Forum 66 is now powered by green electricity thanks to Hang Lung's initiative in the market.'
Located in Shenyang, capital of Liaoning Province, Forum 66 is a mixed-use development comprising a world-class shopping mall, Grade A office tower and the 5-star Conrad Shenyang on Qingnian Da Jie, also known as the 'Golden Corridor', while Palace 66 caters to young and trendy consumers as an aspirational retail and lifestyle destination. Olympia 66 in Dalian is the epicentre of luxury retail and lifestyle destination.
Appendix:
Hang Lung's Renewable Energy Chronology: December 2021: Spring City 66 in Kunming is Hang Lung's first property and the first commercial complex in Yunnan Province to be powered by renewable energy.
January 2023: Parc 66 in Jinan is the first commercial property in Jinan and Shandong Province to be powered by renewable energy.
April 2024: Plaza 66 and Grand Gateway 66 in Shanghai, and Center 66 in Wuxi build on the successes in Kunming and Jinan and are also powered by renewable energy.
May 2025: Forum 66 and Palace 66 in Shenyang, as well as Olympia 66 in Dalian, are the first commercial complexes in Liaoning Province to be powered by renewable energy. Altogether, eight out of ten of Hang Lung's Mainland operating properties are now powered by renewable energy.*
*Green power terms under power purchase agreements for the entire property (covering both landlord and tenant consumption) since May 1, 2025.
Property
Minimum Green Electricity Under Bundled Power Purchase Agreement
Maximum Unbundled Green Electricity Certificate
Spring City 66, Kunming
100%
0%
Parc 66, Jinan
100%
0%
Center 66, Wuxi
98%
2%
Grand Gateway 66, Shanghai
95%
5%
Plaza 66, Shanghai
95%
5%
Forum 66, Shenyang
95%
5%
Palace 66, Shenyang
95%
5%
Olympia 66, Dalian
95%
5%
Hashtag: #HangLung #Forum66 #Palace66 #Olympia66
The issuer is solely responsible for the content of this announcement.
About Hang Lung Properties
www.hanglung.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 days ago
- Yahoo
Global Market Value Stocks That May Be Trading At A Discount
As global markets face renewed tariffs, trade policy uncertainty, and weaker economic data, investors are witnessing a challenging environment with significant declines across major indices. Amid these market fluctuations, identifying undervalued stocks can be an appealing strategy for those looking to capitalize on potential discounts. A good stock in such conditions is often characterized by strong fundamentals and resilience to external pressures, offering value despite broader market volatility. Top 10 Undervalued Stocks Based On Cash Flows Name Current Price Fair Value (Est) Discount (Est) Xiaocaiyuan International Holding (SEHK:999) HK$10.27 HK$20.32 49.5% Tibet Tianlu (SHSE:600326) CN¥16.37 CN¥32.55 49.7% Sparebank 68° Nord (OB:SB68) NOK178.50 NOK353.14 49.5% SILICON2 (KOSDAQ:A257720) ₩53700.00 ₩106548.44 49.6% Jiangsu Yunyi ElectricLtd (SZSE:300304) CN¥11.08 CN¥22.03 49.7% innoscripta (XTRA:1INN) €99.10 €196.36 49.5% Heartland Group Holdings (NZSE:HGH) NZ$0.80 NZ$1.58 49.5% GEM (SZSE:002340) CN¥6.54 CN¥12.97 49.6% Exel Composites Oyj (HLSE:EXL1V) €0.379 €0.75 49.7% ams-OSRAM (SWX:AMS) CHF10.41 CHF20.79 49.9% Click here to see the full list of 491 stocks from our Undervalued Global Stocks Based On Cash Flows screener. Let's uncover some gems from our specialized screener. CLASSYS Overview: CLASSYS Inc. is a global provider of medical aesthetics devices with a market cap of ₩3.86 trillion. Operations: The company generates revenue from its Surgical & Medical Equipment segment, amounting to ₩269.67 billion. Estimated Discount To Fair Value: 37.3% CLASSYS is trading at ₩59,500, significantly below its estimated fair value of ₩94,853.56. Earnings are projected to grow 27.24% annually over the next three years, outpacing the Korean market's 22.2%. Recent Q1 results showed sales of KRW 77.1 billion and net income of KRW 29.7 billion, reflecting strong financial performance and potential undervaluation based on cash flows despite no recent share buybacks completed as planned. The analysis detailed in our CLASSYS growth report hints at robust future financial performance. Navigate through the intricacies of CLASSYS with our comprehensive financial health report here. Jiangsu Yunyi ElectricLtd Overview: Jiangsu Yunyi Electric Co., Ltd. is engaged in the research, development, manufacturing, marketing, and sales of automotive electronic parts both in China and internationally, with a market capitalization of CN¥8.88 billion. Operations: The company's revenue is derived from its activities in the research, development, manufacturing, marketing, and sales of automotive electronic parts both domestically and internationally. Estimated Discount To Fair Value: 49.7% Jiangsu Yunyi Electric Ltd. is currently trading at CN¥11.08, significantly below its estimated fair value of CN¥22.03, suggesting potential undervaluation based on cash flows. The company's revenue is forecast to grow at 20.7% annually, outpacing the Chinese market's 12.6%. However, while earnings are expected to rise by 20% per year, this growth lags behind the broader market's 23.7%. Recent governance changes may impact strategic direction and investor confidence. Our earnings growth report unveils the potential for significant increases in Jiangsu Yunyi ElectricLtd's future results. Get an in-depth perspective on Jiangsu Yunyi ElectricLtd's balance sheet by reading our health report here. Bizlink Holding Overview: Bizlink Holding Inc. is engaged in the research, design, development, manufacturing, and sale of interconnect products for cable harnesses across various countries including the United States, China, Germany, Malaysia, Taiwan, and Italy with a market cap of approximately NT$178.52 billion. Operations: Bizlink Holding Inc.'s revenue is primarily derived from its Computer Transmission Department at NT$67.53 billion, followed by the Industrial Application Department at NT$23.92 billion and the Home Electric Appliance Division at NT$10.31 billion. Estimated Discount To Fair Value: 18.6% Bizlink Holding is trading at NT$973, below its estimated fair value of NT$1,195.27, indicating potential undervaluation based on cash flows. Earnings are forecast to grow significantly at 22.54% annually, surpassing the TW market's 13.4%. Recent financial results highlight strong performance with a year-over-year sales increase of nearly 29%. However, the stock has experienced high volatility recently and announced a substantial dividend payout scheduled for August 2025. Our expertly prepared growth report on Bizlink Holding implies its future financial outlook may be stronger than recent results. Click here and access our complete balance sheet health report to understand the dynamics of Bizlink Holding. Turning Ideas Into Actions Explore the 491 names from our Undervalued Global Stocks Based On Cash Flows screener here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Curious About Other Options? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSDAQ:A214150 SZSE:300304 and TWSE:3665. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
6 days ago
- Yahoo
Viva Goods And 2 Other Promising Asian Penny Stocks To Consider
The Asian markets have been navigating a complex landscape, with global trade tensions and economic data influencing investor sentiment. In this context, identifying promising investment opportunities requires a keen eye for stocks that balance potential growth with financial stability. While the term "penny stocks" may seem outdated, it still captures the essence of smaller or newer companies that offer affordable entry points and significant upside potential when backed by strong fundamentals. Top 10 Penny Stocks In Asia Name Share Price Market Cap Financial Health Rating Food Moments (SET:FM) THB4.20 THB4.15B ★★★★★☆ Lever Style (SEHK:1346) HK$1.44 HK$908.57M ★★★★★★ Ever Sunshine Services Group (SEHK:1995) HK$2.12 HK$3.66B ★★★★★☆ TK Group (Holdings) (SEHK:2283) HK$2.42 HK$2.02B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.54 SGD218.86M ★★★★★☆ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.84 SGD11.18B ★★★★★☆ Ekarat Engineering (SET:AKR) THB1.01 THB1.49B ★★★★★★ Livestock Improvement (NZSE:LIC) NZ$0.95 NZ$135.23M ★★★★★★ Rojana Industrial Park (SET:ROJNA) THB4.88 THB9.86B ★★★★★★ BRC Asia (SGX:BEC) SGD3.63 SGD995.89M ★★★★★★ Click here to see the full list of 980 stocks from our Asian Penny Stocks screener. Let's dive into some prime choices out of the screener. Viva Goods Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Viva Goods Company Limited, with a market cap of HK$5.58 billion, is an investment holding company that supplies apparel and footwear across the United Kingdom, Republic of Ireland, United States, People's Republic of China, Asia, Europe, the Middle East and Africa. Operations: The company generates revenue from its Sports Experience segment, which contributes HK$559.30 million, and its Multi-Brand Apparel and Footwear segment, accounting for HK$9.87 billion. Market Cap: HK$5.58B Viva Goods Company Limited, with a market cap of HK$5.58 billion, is currently unprofitable but has shown financial resilience through reduced debt levels and strong asset coverage. Its cash exceeds total debt, and operating cash flow covers 83.6% of its liabilities. Recent strategic moves include appointing Victor Herrero as Co-CEO to leverage his extensive industry experience and initiating a significant share buyback program aimed at enhancing shareholder value. The management team and board are seasoned, with an average tenure exceeding five years. Despite challenges in profitability, these steps may position Viva Goods for future growth opportunities in the competitive apparel sector. Click to explore a detailed breakdown of our findings in Viva Goods' financial health report. Understand Viva Goods' track record by examining our performance history report. Xinyi Solar Holdings Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Xinyi Solar Holdings Limited is an investment holding company that produces, sells, and trades solar glass products across Mainland China, the rest of Asia, North America, Europe, and internationally with a market cap of HK$28.23 billion. Operations: The company's revenue is primarily derived from the sales of solar glass, which generated CN¥18.07 billion, and its solar farm business including EPC services, contributing CN¥3.03 billion. Market Cap: HK$28.23B Xinyi Solar Holdings, with a market cap of HK$28.23 billion, faces challenges as recent earnings reflect a decline in net income to CN¥745.76 million for the first half of 2025 due to oversupply and reduced solar glass prices. Despite this, the company maintains strong asset coverage with short-term assets exceeding both short and long-term liabilities. The board is experienced, averaging 11.9 years in tenure, which may provide stability during downturns. Although currently unprofitable with negative return on equity, Xinyi Solar's debt management remains satisfactory after reducing its debt-to-equity ratio over five years and completing a Panda Bonds issuance of RMB 800 million at favorable terms. Dive into the specifics of Xinyi Solar Holdings here with our thorough balance sheet health report. Gain insights into Xinyi Solar Holdings' outlook and expected performance with our report on the company's earnings estimates. Geo Energy Resources Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Geo Energy Resources Limited is an investment holding company involved in the mining, production, and trading of coal, with a market capitalization of SGD530.78 million. Operations: Geo Energy Resources Limited does not report specific revenue segments. Market Cap: SGD530.78M Geo Energy Resources Limited, with a market capitalization of SGD530.78 million, has shown significant revenue growth, reporting US$166.41 million in sales for Q1 2025 compared to US$98.96 million the previous year. Despite this progress, its earnings growth remains negative over the past year and its return on equity is low at 7.7%. The company's debt management has improved significantly, reducing its debt-to-equity ratio from 118.2% to 41.2% over five years, and operating cash flow covers debt well at 30.8%. However, interest payments are not fully covered by EBIT and dividend sustainability is unstable. Take a closer look at Geo Energy Resources' potential here in our financial health report. Understand Geo Energy Resources' earnings outlook by examining our growth report. Where To Now? Investigate our full lineup of 980 Asian Penny Stocks right here. Seeking Other Investments? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:933 SEHK:968 and SGX:RE4. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Yahoo
Asian Market Insights APR And 2 More Stocks Estimated To Be Trading Below Intrinsic Value
As global markets grapple with trade policy uncertainties and economic slowdowns, Asian markets have also felt the ripple effects, with notable declines in key indices. In this challenging environment, identifying stocks that are trading below their intrinsic value can present unique opportunities for investors seeking to navigate these turbulent times. Top 10 Undervalued Stocks Based On Cash Flows In Asia Name Current Price Fair Value (Est) Discount (Est) Wuxi Zhenhua Auto PartsLtd (SHSE:605319) CN¥32.94 CN¥65.50 49.7% Suzhou Zelgen BiopharmaceuticalsLtd (SHSE:688266) CN¥112.65 CN¥223.99 49.7% Nanya Technology (TWSE:2408) NT$44.40 NT$87.23 49.1% Nan Ya Printed Circuit Board (TWSE:8046) NT$177.50 NT$351.52 49.5% Inspur Digital Enterprise Technology (SEHK:596) HK$10.40 HK$20.45 49.1% Insource (TSE:6200) ¥917.00 ¥1814.21 49.5% GEM (SZSE:002340) CN¥6.51 CN¥12.96 49.8% Finger (KOSDAQ:A163730) ₩13480.00 ₩26881.94 49.9% Faraday Technology (TWSE:3035) NT$158.00 NT$313.77 49.6% cottaLTD (TSE:3359) ¥441.00 ¥866.89 49.1% Click here to see the full list of 271 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Here we highlight a subset of our preferred stocks from the screener. APR Overview: APR Co., Ltd. manufactures and sells cosmetic products for men and women, with a market cap of ₩7.01 billion. Operations: The company's revenue is primarily derived from the Cosmetics Sector, which accounts for ₩1.00 billion, followed by the Clothing Fashion Sector at ₩49.44 million. Estimated Discount To Fair Value: 10.2% APR Co., Ltd. is trading at ₩187,300, 10.2% below its estimated fair value of ₩208,547.74, suggesting it may be undervalued based on cash flows. Despite recent share price volatility and a completed buyback of 613,400 shares for KRW 30 billion, the company's earnings grew by 56.4% last year and are forecast to grow significantly at 29.9% annually over the next three years—outpacing market expectations in Korea. Our earnings growth report unveils the potential for significant increases in APR's future results. Navigate through the intricacies of APR with our comprehensive financial health report here. Plover Bay Technologies Overview: Plover Bay Technologies Limited is an investment holding company that specializes in designing, developing, and marketing software-defined wide area network routers, with a market cap of HK$7.66 billion. Operations: The company's revenue segments include $16.01 million from sales of SD-WAN routers with fixed first connectivity, $70.82 million from sales of SD-WAN routers with mobile first connectivity, and $35.61 million from software licenses and warranty and support services. Estimated Discount To Fair Value: 21.4% Plover Bay Technologies is trading at HK$6.94, 21.4% below its estimated fair value of HK$8.83, highlighting potential undervaluation based on cash flows. The company's earnings grew by 16.4% last year and are projected to rise 17.56% annually, surpassing the Hong Kong market's growth rate of 10.7%. Despite a dividend yield of 4.3%, it isn't fully covered by free cash flows, though recent earnings showed improvement with net income reaching US$21.67 million for H1 2025. Upon reviewing our latest growth report, Plover Bay Technologies' projected financial performance appears quite optimistic. Click to explore a detailed breakdown of our findings in Plover Bay Technologies' balance sheet health report. Gold Circuit Electronics Overview: Gold Circuit Electronics Ltd. is a Taiwan-based company involved in the design, manufacturing, processing, and distribution of printed circuit boards with a market cap of NT$178.37 billion. Operations: The company generates revenue primarily from the manufacturing and sales of printed circuit boards, amounting to NT$41.95 billion. Estimated Discount To Fair Value: 10.4% Gold Circuit Electronics is trading at NT$366.5, slightly below its fair value estimate of NT$408.82, suggesting it may be undervalued based on cash flows. The company reported first-quarter sales of TWD 12.06 billion and net income of TWD 1.75 billion, showing strong growth from the previous year. Earnings are projected to grow significantly at 26.54% annually over the next few years, outpacing Taiwan's market average growth rate of 13.2%. In light of our recent growth report, it seems possible that Gold Circuit Electronics' financial performance will exceed current levels. Get an in-depth perspective on Gold Circuit Electronics' balance sheet by reading our health report here. Turning Ideas Into Actions Access the full spectrum of 271 Undervalued Asian Stocks Based On Cash Flows by clicking on this link. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Seeking Other Investments? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A278470 SEHK:1523 and TWSE:2368. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
