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

Hang Lung Properties Ltd. (OTCMKTS:HLPPYGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.07 and last traded at $6.07, with a volume of 8539 shares changing hands. The stock had previously closed at $5.95.

Hang Lung Properties Stock Up 0.3%

The company’s 50 day moving average price is $5.79 and its 200-day moving average price is $5.53.

About Hang Lung Properties

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Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.

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