Hongkong Land

Is Hongkong Land a value trap or undervalued? - THE EDGE SINGAPORE

Property

Is Hongkong Land a value trap or undervalued?

We think that Hongkong Land is fairly valued at current prices and fundamentals.
Hongkong Land and 10 tenants commit over US$1 bil to redevelop Landmark - THE EDGE SINGAPORE

Corporate moves

Hongkong Land and 10 tenants commit over US$1 bil to redevelop Landmark

Hongkong Land and its tenants will spend US$1 bil to redevelop Landmark.

Global Economy

Briefs: Yen poised for big swings; London Metal Exchange looks to set up warehouse in HK; Amazon hits US$2 tril in value

In other news this week, companies accused of "climate-washing" are increasingly finding themselves the target of litigants.
Hongkong Land and tenants to invest over US$1 bil to transform The Landmark - THE EDGE SINGAPORE

Company in the news

Hongkong Land and tenants to invest over US$1 bil to transform The Landmark

Mainboard-listed Hongkong Land will invest over US$400 million to expand and upgrade its retail portfolio at The Landmark.
Hedge fund firm Dymon Asia Capital signs lease for office in Hongkong Land’s Edinburgh Tower - THE EDGE SINGAPORE

Company in the news

Hedge fund firm Dymon Asia Capital signs lease for office in Hongkong Land’s Edinburgh Tower

The office expansion comes at a time when Hong Kong is seeing record premium office vacancies and declining rental rates.

Insider moves

Jardine Matheson steps up share buybacks; Hongkong Land directors commit to buy shares

The steady buybacks are taking place at a time when Jardine Matheson’s shares are trading at their lowest level in 14 years.

Insider moves

Hongkong Land shares gained after directors commit to buying shares worth US$960,000 from the open market

As at Dec 31 2023, Hongkong Land's net asset value per share was US$14.49, down 3% from US$14.95 a year earlier

Broker's Calls

CGS sees near term re-rating unlikely for Hongkong Land; DBS more upbeat

Hongkong Land is trading at a quarter to its NAV
Jardine group provides dividend play potential as share prices encounter support  - THE EDGE SINGAPORE

Right Timing

Jardine group provides dividend play potential as share prices encounter support

Jardine group stocks' trading lows could be supported by dividends
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