Hongkong Land

Re: Hongkong Land

Postby winston » Tue May 26, 2009 10:50 am

Not vested.

DJ MARKET TALK: JPM Cuts Hongkong Land To Neutral; US$3.20 Target

0125 GMT [Dow Jones] STOCK CALL: JPMorgan downgrades Hongkong Land (H78.SG) to Neutral from Overweight on valuation grounds, maintains US$3.20 price target. Says stock has seen 70% rebound from its March trough on back of hopes for improving Hong Kong office values amid better liquidity, availability of bank lending, long-term investors snapping up office properties. But says room for further increase in Hong Kong Central office values likely limited by weak outlook for office rentals given retrenchment of banking industry.

Says, "without a further catalyst but simply liquidity, we expect the stock will perform in line with the broad market." Suggest investors consider reentry if shares go below US$3.00. Shares last down 0.3% at US$3.37.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Wed Aug 12, 2009 12:23 pm

HK down close to 2.5% yet this counter is up 2%.

Looks like some of the Jardine Group of Companies are sometimes strong, when things are weak :lol: :D
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Thu Nov 26, 2009 8:11 am

KEPPEL LAND , HONGKONG LAND - Marina Bay Financial Centre, a joint venture involving Keppel Land, Hongkong Land and Cheung Kong <0001.HK>, said late on Wednesday it sold 90 units at its Marina Bay Suites development in the central business district.

The units sold for between S$2,200 and S$2,500 per square foot, higher than recently the transacted prices for apartments at neighbouring projects, according to the Straits Times.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Fri Mar 05, 2010 3:53 am

Not vested.

Hongkong Land Sees Renewals Increasing as Economy Recovers
By Chia-Peck Wong

March 5 (Bloomberg) -- Hongkong Land Holdings Ltd., one of the biggest office landlords in the city’s financial hub, expects to see high occupancy levels and “steady rentals” this year as companies start to rehire amid a more optimistic economic outlook.

Positive rental reversions, or the renewal of leases at higher rates, compensated for a rise in office vacancies in the Central district last year, Hongkong Land said yesterday after announcing a return to profit for 2009.

“It’s not as if no one’s knocking on our doors,” Chief Executive Officer Y.K. Pang said at a briefing yesterday in the city. “There’s not a lot of new supply” in Hong Kong. “People are rehiring in Hong Kong; we are cautiously optimistic.”

Economic growth in Hong Kong, a trade and financial hub for China, beat estimates in the fourth quarter as the city’s gross domestic product rose a seasonally adjusted 2.3 percent from the previous three months.

Hongkong Land managed to raise average rents at its offices to HK$84 ($10.82) a square foot last year, from HK$66 a year earlier, Chief Financial Officer Geoffrey Brown told the same briefing. That beat the government’s rental index for prime office space, which dropped 17 percent in the last quarter from the same period in 2008.

The government also said in a report yesterday that private office completions in Hong Kong fell 56 percent in 2009 to 151,000 square meters (1.6 million square feet), the lowest in three years. They may drop to 122,000 square meters in 2010, it said.

Net rental income from Hongkong Land’s Hong Kong office and retail properties rose 19 percent to $611 million during the year, the company said in its earnings statement. Its shopping space in Hong Kong was fully let, it said.

Returns to Profit

Still, the developer, which owns offices including the Exchange Square and Landmark complexes in Hong Kong, declined to say whether rents would continue to rise this year.

“The world is not out of the woods yet in terms of the financial crisis. The recovery we are seeing is still quite fragile,” Pang said.

Hongkong Land yesterday reported a net income of $1.62 billion, or 72.96 cents a share, for 2009, swinging from a loss of $109 million, or 4.79 cents the previous year. Revenue rose to $1.32 billion from $1.02 billion.

Home prices in Hong Kong and Singapore rose last year after an economic recovery and low interest rates boosted demand. Hongkong Land booked revenue from homes sold in the two cities and Macau last year. MCL Land Ltd., Hongkong Land’s Singapore unit, last week reported a record 2009 profit of $154 million from a year-ago loss.

Property Profit

The developer also owns properties in Vietnam, Thailand, Indonesia and Chongqing, China.

Hongkong Land’s underlying profit, which excludes revaluation losses and gains, more than doubled to $777 million, or 34.6 cents a share, from $375 million or 16.4 cents a year earlier, the company said.

Residential property contributed $386 million to underlying profit compared with a breakeven result in 2008, the company said.

In Hong Kong, the company will continue to focus on luxury home projects, Pang told the briefing. In Singapore, MCL Land will complete another three projects this year as the “general tone of the residential market is quite positive,” Pang said. Sale prices are “robust,” he said.

The full-year dividend was raised by 23 percent to 16 cents a share.

The company’s shares are down 3.4 percent this year after almost doubling last year. The stock fell 0.42 percent to $4.78 ahead of yesterday’s earnings.

--Editors: Nerys Avery, Andreea Papuc

http://www.businessweek.com/news/2010-0 ... overs.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Fri Sep 17, 2010 11:48 am

*DJ Hongkong Land Started At Reduce, US$5.42 Target By BNP

Not vested.

Source: Dow Jones Newswire
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Wed Sep 22, 2010 9:31 am

Not vested

Hongkong Land Holdings ST: the RSI is overbought <HKLD.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/HKL ... 022400.gif

5.76 is our pivot point.

Our preference: the upside prevails as long as 5.76 is support.

Alternative scenario: the downside breakout of 5.76 would call for 5.49 and 5.34.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive.

The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (standing respectively at 5.65 and 5.45). Hongkong Land Holdings is currently trading near its 52 week high reached at 6.14 on 13/09/10.

Supports and resistances: 6.7 *6.54 **6.38 5.97 last 5.86 5.76 **5.49 *


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Tue Sep 28, 2010 10:27 am

Up 3% on a weak day and no news ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Fri Feb 25, 2011 7:19 pm

Not vested

Price catalyst

12-month price target: US$7.60 based on a 10% discount to NAV methodology.

Catalyst: FY10 result 3 March 2011.


Action and recommendation

Hong Kong office market remains landlord favourable, particularly in the Central district where Hongkong Land dominates the market.

The strong forecast rent growth is driving significant positive revaluations as evident in
the results of Champion REIT and Great Eagle. These market conditions should support an attractive income growth profile for Hongkong Land.

We upgrade our valuation, price target and recommendation to Outperform


Source: Macquarie
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Thu Mar 03, 2011 7:50 pm

Not vested

HK Land reports higher 2010 net profit By ANGELA TAN

Hongkong Land Holdings Limited reported on Thursday that its 2010 net profit attributable to shareholders was US$4,739 million, compared with US$1,813 million in 2009.

Underlying profit attributable to shareholders for 2010 was US$810 million, an increase of 4 per cent from the record result of 2009.

While the contribution from the group's commercial portfolio was relatively stable, profit from residential activities increased as two large projects in Singapore were completed in addition to projects in Hong Kong and Macau.

Following a change in International Financial Reporting Standards, the group is no longer required to provide for deferred tax on valuation gains on which no tax liability would arise.

The new policy has been applied retrospectively.

The directors are recommending a final dividend of 10.00 US cents per share for 2010, providing a total dividend for the year of 16.00 US cents per share, unchanged from 2009.

No quarterly breakdown of financials were given.


http://www.businesstimes.com.sg/sub/lat ... 62,00.html?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Hongkong Land

Postby winston » Mon May 16, 2011 9:45 am

Not vested

Hongkong Land Holdings (HKL SP, US$7.34, NOT RATED) – Hongkong Land (HKL) recently completed the privatisation of MCL Land, which has a Singapore residential landbank with a GFA of 1.6m sq ft.

We estimate the future development profits at US$345m, or 15 US cents a share. HKL also has a one-third stake in the Marina Bay Financial Centre.

With Phase 2 expected to be completed next year, HKL could see a revaluation gain of about 19 US cents a share.

Source: Kim Eng
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to H to K

Who is online

Users browsing this forum: No registered users and 4 guests