Hysan Development (HKG:0014) is optimistic the Hong Kong retail sector will recover with a rebound in tourist footprint and spending, Chairman Irene Lee Yun-lien said in a statement on the company's earnings report filed Tuesday with the Hong Kong Exchange.
The developer also believes the city's office market will continue to undergo pressure in 2025 as a decline in renewals narrows, The Standard reported separately.
Hysan made the prediction after the company returned to a net profit of HK$35 million in 2024 from a loss of HK$872 million in 2023.
The company will tread carefully as it transforms its retail and office offerings in line with trends, Lee said in her statement.
Shares rose 3% during Tuesday's afternoon trading.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。