Hongkong Land Holdings

CGS-CIMB has retained its 'add' rating with a higher TP of US$5.70 from $5.30 previously.

CGS-CIMB analyst William Tng has, however, upped the group’s target price to US$54.68 ($73.21) from US$48.61 previously.

The development of the land will be in multiple phases, and is expected to complete by 2027.

(Nov 8): Although the Straits Times Index retreated on Nov 8, the rally should be able to resume. On Nov 2, the index had broken above its 200-day moving average at 3,226 accompanied by expanding volume.

SINGAPORE (Sept 16): On Sept 4, as I watched my shares in Hongkong Land Holdings bounce strongly, it occurred to me that I could be accused of being invested in the people of the former British colony not getting their way. The talk in the market that day

SINGAPORE (Aug 12): Amid the market volatility, investors are seeking refuge in safe-haven asset classes. Gold rallied above US$1,500 an ounce — the highest level since 2013, extending a 17% gain since the start of the year. Silver surged as well. “Tu

SINGAPORE (Sept 20): China-based HNA Group reportedly surrendered eight floors at Three Exchange Square in Hongkong’s Central with lettable area of 88,000sf.

(Sept 12): As HNA Group Co.’s global ambitions continue to shrink, so too does its need for office space.

SINGAPORE (July 26): Hongkong Land, a member of the Jardine Matheson Group, reported earnings of US$455 million ($619 million) for the 1H18 ended June, compared with US$470 million in 1H17.

SINGAPORE (Apr 13): The collective sale for Tulip Garden received the top bid from Asia Radiant – a joint venture (JV) between Yanlord and Hongkong Land Holdings’ MCL Land – of $907 million, representing about 20% premium to the owners’ asking pri