Understanding the Market | LANGHAM-SS fell over 8%, with distributable income in the first half down 17.65% year-on-year
LANGHAM-SS fell over 8%, as of the time of writing, down 8.06%, reported at HKD 0.57, with a trading volume of HKD 1.3805 million. In terms of news, LANGHAM announced its consolidated results for the six months ending June 30, 2025, with the group achieving hotel portfolio revenue of approximately HKD 738 million, a year-on-year decrease of 4.58%; net property income of approximately HKD 174 million, a year-on-year decrease of 3.87%; a loss attributable to shareholders of approximately HKD 142 million, compared to a profit of approximately HKD 43 million in the same period last year; and distributable income of approximately HKD 28 million, a year-on-year decrease of about 17.65%. The announcement pointed out that the loss attributable to shareholders was due to a slight decrease in the valuation of the hotel investment portfolio to HKD 15.764 billion, down from HKD 15.895 billion as of December 31, 2024. The total fair value loss on investment properties and derivative financial instruments was HKD 171 million, while financing costs during the period decreased by 15.4% (equivalent to HKD 25.1 million) due to a decline in the average Hong Kong Interbank Offered Rate, offsetting some of the losses
According to Zhitong Finance APP, LANGHAM-SS (01270) fell over 8%, as of the time of writing, down 8.06% to HKD 0.57, with a trading volume of HKD 1.3805 million.
In terms of news, LANGHAM released its consolidated performance for the six months ending June 30, 2025, reporting hotel portfolio revenue of approximately HKD 738 million, a year-on-year decrease of 4.58%; net property income of approximately HKD 174 million, a year-on-year decrease of 3.87%; a loss attributable to shareholders of approximately HKD 142 million, compared to a profit of approximately HKD 43 million in the same period last year; and distributable income of approximately HKD 28 million, a year-on-year decrease of about 17.65%.
The announcement pointed out that the loss attributable to shareholders was due to a slight decrease in the valuation of the hotel investment portfolio to HKD 15.764 billion, down from HKD 15.895 billion as of December 31, 2024. The total fair value loss on investment properties and derivative financial instruments was HKD 171 million, while financing costs during the period decreased by 15.4% (equivalent to HKD 25.1 million) due to a decline in the average Hong Kong Interbank Offered Rate, offsetting some of the losses
