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Hongkong Land
Results
Hongkong Land takes writedown on office properties, incurs US$582 million loss for FY2023
Despite the losses, Hongkong Land will maintain full-year dividend at 22 US cents
March 07, 2024
Results
Jardine Matheson posts US$686 mil FY2023 earnings, up 94% y-o-y
The announcement follows news of Norway's sovereign wealth fund dumping its stake in the conglomerate over environmental concerns.
March 07, 2024
Broker's Calls
Morgan Stanley downgrades Hongkong Land to ‘equal-weight’ amid weak Hong Kong office outlook
Despite buyback support from management, the analysts have also lowered their target price to US$3.80 from US$5.90 before.
January 08, 2024
Property
Hongkong Land denies plan to sell Three Exchange Square Tower
Sing Tao earlier reported that an unidentified agency was marketing the property for sale at HK$16 billion
August 09, 2023
Insider moves
Keppel unloads more Seatrium shares; Hongkong Land continues buybacks
Keppel has reduced its stake in Seatrium on several occasions after Seatrium was merged with Keppel O&M on Feb 28.
August 03, 2023
Results
Hongkong Land reports US$333 mil loss for 1HFY2023; underlying earnings down 1% y-o-y to US$422 mil
The US$333 million reflected unrealised losses from the group’s revaluations of US$755 million from its investment properties.
July 28, 2023
Broker's Calls
Brokers' Digest: Hongkong Land, Wilmar, CSE Global, Aztech Global, Sea, MPACT, Far East Hospitality Trust
See what the analysts have to say this week.
July 27, 2023
Broker's Calls
CGS-CIMB keeps 'hold' on Hongkong Land with lower TP of US$4 on lack of near-term rerating catalysts
The analysts expect negative rental reversions for HKL’s HK office through FY2024.
July 26, 2023
Broker's Calls
Hongkong Land mulls 'significant' investment as share buyback pace moderates: DBS
Hongkong Land has spent some US$600 million since Sept 2021 in share buybacks
June 29, 2023
Results
Hongkong Land says underlying profit for 1QFY2023 lower y-o-y
Shares in Hongkong Land closed 2 US cents lower or 0.46% down at US$4.38 on May 18.
May 18, 2023