Hang Lung Properties (OTCMKTS:HLPPY) Reaches New 12-Month High - Still a Buy?

Key Points

• Hang Lung Properties Ltd. reached a new 52-week high, trading at $5.84 during mid-day on Tuesday, with the last trade at $5.70.
• The company recently announced a dividend cut, issuing a $0.0611 dividend which represents an impressive yield of 574.0%.
• Hang Lung Properties operates through Property Leasing and Property Sales segments, focusing on property investment, development, and management activities in Hong Kong and Mainland China.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.84 and last traded at $5.70, with a volume of 1207 shares changing hands. The stock had previously closed at $5.71.

Hang Lung Properties Stock Down 0.2%

The business has a fifty day simple moving average of $5.36 and a 200 day simple moving average of $4.64.

Hang Lung Properties Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, October 6th. Investors of record on Friday, August 15th were issued a $0.0611 dividend. The ex-dividend date was Thursday, August 14th. This represents a yield of 574.0%.

Hang Lung Properties Company Profile

Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. It operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.

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