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Hang Lung Group (OTCMKTS:HNLGY) Sets New 1-Year High - Still a Buy?

Hang Lung Group logo with Finance background
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Key Points

  • Hang Lung Group (OTCMKTS: HNLGY) reached a new 52-week high of $11.70, up from the prior close of $10.06.
  • Trading volume was thin at 317 shares, and the stock is trading above its 50-day ($10.50) and 200-day ($10.11) simple moving averages.
  • Hang Lung Group is a Hong Kong–based property developer focused on commercial real estate in Mainland China, including large retail malls, premium office towers and mixed-use complexes.
  • Interested in Hang Lung Group? Here are five stocks we like better.

Hang Lung Group Ltd. (OTCMKTS:HNLGY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $11.70 and last traded at $11.70, with a volume of 317 shares changing hands. The stock had previously closed at $10.06.

Hang Lung Group Stock Performance

The company's 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $10.11.

Hang Lung Group Company Profile

(Get Free Report)

Hang Lung Group is a Hong Kong–based property developer with a strategic focus on the investment, development and management of commercial real estate in Mainland China. The company's portfolio encompasses large‐scale retail malls, premium office towers and mixed‐use complexes located primarily in major urban centres. Through an integrated approach to property development and asset management, Hang Lung Group aims to create landmark destinations that combine innovative design, high‐quality construction and curated tenant mixes.

Established in 1960, Hang Lung Group has grown from a local developer into one of the region's leading real estate enterprises serving key Chinese markets.

Further Reading

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