HK Stock Market Move | LANGHAM-SS (01270) fell more than 8%, with first-half distributable income decreasing by 17.65% year-on-year.

LANGHAM-SS (01270) fell by more than 8%, as of press time, down 8.06% to HK$0.57, with a turnover of HK$13.805 million. In terms of news, Langham released its comprehensive performance for the six months ended June 30, 2025. The group achieved hotel portfolio revenue of approximately HK$738 million, a decrease of 4.58% year-on-year; net property income of approximately HK$174 million, a decrease of 3.87% year-on-year; the share of loss attributable to shareholders was approximately HK$142 million, compared to a profit of approximately HK$43 million in the same period last year; and distributable income of approximately HK$28 million, a decrease of approximately 17.65% year-on-year. The announcement stated that the share of loss attributable to shareholders was due to a slight decrease in the valuation of the hotel investment portfolio to HK$15.764 billion, a decrease from HK$15.895 billion as of December 31, 2024. The fair value loss on investment properties and derivative financial instruments totaled HK$171 million, and the financing costs decreased by 15.4% (equivalent to HK$25.1 million) during the period due to a decrease in the average Hong Kong Interbank Offered Rate and offset some of the losses.