Hongkong Land

Re: Hongkong Land

Postby winston » Wed Jun 27, 2018 8:52 pm

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June 25, 2018

Insanely Cheap Companies in Singapore Right Now

Hongkong Land Holdings Limited (SGX: H78)

Hongkong Land is a property investment, management, and development group with properties in countries such as Hong Kong, Singapore, and China.

Currently, the company owns and manages more than 850,000 square metres of prime office and luxury retail properties across Asia.

Hongkong Land has two business segments, namely, investment properties and development properties.

As of 31 December 2017, 90% of its gross assets were from the investment properties business while the remaining 10% came from the development properties segment.

Ben Keswick, the chairman of Hongkong Land, shared some positive comments about the company’s future in its latest earnings update (for the second half of 2017):

“The strong contribution from the Group’s investment properties to underlying profit is expected to be maintained in 2018, while further improvements are anticipated from the Group’s development properties in mainland China and Singapore.

Hongkong Land shares ended last Friday’s trading session at US$7.21 apiece. With a book value per share of US$15.63 (as of 31 December 2017), the company has a price-to-book ratio of just 0.46.

Source: Motley Fool

https://www.fool.sg/2018/06/25/3-insane ... right-now/
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Re: Hongkong Land

Postby winston » Fri Jun 29, 2018 3:30 pm

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Full Analysis On Hongkong Land Holdings Limited

June 22, 2017

Source: Value Invest Asia

https://valueinvestasia.com/full-analys ... s-limited/
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Re: Hongkong Land

Postby winston » Fri Jun 29, 2018 9:19 pm

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Dec 12, 2017

11 things to know about Hongkong Land before you invest

By Ian Tai

Source: The Fifth Person

https://fifthperson.com/hongkong-land/
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Re: Hongkong Land

Postby winston » Tue Jul 24, 2018 12:37 pm

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FY18 interim result preview

Underlying profit is expected to be 2% higher with growing rental receipts
Residential sales earnings should remain a key swing factor on earnings
BUY with US$8.57 TP

Source: DBS

https://researchwise.dbsvresearch.com/R ... hifakfdhjg
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Re: Hongkong Land

Postby winston » Fri Jul 27, 2018 9:24 am

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Hongkong Land Holdings Underlying Profit Down 3.2% YoY in 1H18 to US$460M

Hongkong Land Holdings announced its results for the six months ended June 30th 2018. Underlying profit attributable to shareholders during the first half was US$455 million, down 3.19% year-on-year.

Earnings per share amounted to US47.9 cents.

An interim dividend of US6 cents per share was declared.

Results from the group?s investment properties were higher, due to positive rental reversions in Hong Kong, while profits from development properties were lower, due to the timing of sales completions in mainland China, partially offset by a higher contribution from Singapore.

At the end of June, the group?s Central office vacancy was 1.9%, compared with 1.4% at the end of 2017. Rental reversions in the portfolio remained positive.

The group?s average office rent rose to HK$110 per sq. ft, compared to HK$106 per sq. ft and HK$109 per sq. ft in the first and second halves of 2017, rwespectively.

The group?s Central retail portfolio effectively remains fully occupied, with mildly positive rental reversions.

The average retail rent increased to HK$231 per sq. ft, compared with HK$224 per sq. ft and HK$225 per sq. ft in the first and second halves of 2017, respectively.

The value of the group?s investment property portfolio in Hong Kong increased by 2%, due to the impact of higher open market rents.

Source: AAStocks Financial News
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Re: Hongkong Land

Postby winston » Fri Jul 27, 2018 9:32 am

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Defensive play in a volatile market

1H18 core net profit dipped 3% yoy on fewer property sales bookings in China.

Central office/retail average rents up 2%/3% in 1H18; retail portfolio remained fully occupied.

Sold but unrecognised property sales in China rose to US$1,507m.

Active landbanking in 1H18, having secured five projects.

HKL is trading at a 47% discount to NAV which offers sufficient downside protection.

Reiterate Add with an unchanged TP of US$9.50.

Source: CIMB

https://brokingrfs.cimb.com/HiNjpBAxwOt ... -vGnA2.pdf
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Re: Hongkong Land

Postby behappyalways » Sat Jul 28, 2018 5:25 pm

Hongkong Land reports 3% lower 1H earnings of US$455 mil; declares US 6 cents dividend

By PC Lee

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.

The developer says results from the group’s investment properties were higher, due to positive rental reversions in Hong Kong, while profits from development properties were lower, due to the timing of sales completions in mainland China, partially offset by a higher contribution from Singapore.

Hong Kong’s Central office leasing market continues to benefit from tight supply. At the end of June, the group’s Central office vacancy was 1.9%, compared with 1.4% at the end of 2017. Rental reversions in the portfolio remained positive.

The group’s average office rent rose to HK$111 psf, compared to HK$106 psf and HK$109 psf in the 1H17 and 2H17, respectively. The group’s Central retail portfolio effectively remains fully occupied, with mildly positive rental reversions.

The average retail rent increased to HK$231 psf, compared with HK$224 psf and HK$225 psf in in the 1H17 and 2H17, respectively. The value of the group’s investment property portfolio in Hong Kong increased by 2%, due to the impact of higher open market rents.

In mainland China, fewer sales completions in the period resulted in a lower profit contribution, while the group’s attributable interest in contracted sales was lower due to fewer sales launches.

The attributable interest in contracted sales in mainland China was US$650 million in the 1H18, compared to US$701 million and US$411 million in the 1H17 and 2H17, respectively.

In Singapore, the group recognised profits on the completion of the 1,327-unit Sol Acres executive condominium development.

In addition, it benefited from profit recognised on the percentage of completion of sold units to date at the 710-unit Lake Grande project, which is on schedule for completion in 2019. The 309-unit Margaret Ville project was launched for sale in May 2018.

In April 2018, the group was successful in a conditional joint tender for the en-bloc acquisition of Tulip Garden, a freehold residential site, for redevelopment. The project will comprise 670 mid-rise apartments with a developable area of 47,000 sqm.

The directors have declared an unchanged interim dividend of US 6 cents per share.

In its outlook, Hongkong Land says the strong performance from the group’s investment properties is expected to continue in the second half of the year, while the contribution from development properties will benefit from higher sales completions in mainland China.

Year to date, shares in Hongkong Land are up 1.3% at $7.15.

Source: the Edge

https://www.theedgesingapore.com/hongko ... s-dividend
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Re: Hongkong Land

Postby winston » Wed Sep 12, 2018 7:57 pm

The following notification dated 12th September 2018 in respect of Hongkong Land Holdings Limited was lodged with the Financial Conduct Authority in the United Kingdom today:

“HONGKONG LAND HOLDINGS LIMITED (‘HKLH’) SHARE REPURCHASE

Please be advised of the following market repurchase by HKLH of its ordinary shares:
Date of repurchase: 12th September 2018
Total number of shares repurchased: 6,550,000 shares
Price paid per share: US$6.85
The repurchased shares will be cancelled.

Jonathan Lloyd, Jardine Matheson Limited

For and on behalf of Hongkong Land Holdings Limited
12th September 2018”

http://infopub.sgx.com/FileOpen/HKLH091 ... eID=524948
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Re: Hongkong Land

Postby winston » Tue Oct 02, 2018 8:08 pm

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Office rents in Hong Kong’s Central, the most expensive in the world, will only go up even amid exodus, says district’s biggest landlord

Executive director for commercial property at Hongkong Land insists city’s flagship office location will remain world’s most expensive

Office space there now costs US$306 per square foot, 30 per cent higher than the second highest area, London’s West End at US$235 per square foot.

It remains the largest landlord of commercial properties in Central, with a powerful portfolio of grade A buildings such as Alexandra House, Chater House, and One, Two and Three Exchange Square.

Collectively its roll-call of sites accounts for a fifth of commercial space in the area.


Source: SCMP

https://www.scmp.com/business/companies ... -will-only
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Re: Hongkong Land

Postby winston » Fri Nov 09, 2018 9:19 am

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HK Land: Central Office Portfolio Renewed Rental Continues Higher in 3Q; Vacancy Rate Down to 0.8%

Hongkong Land published its interim management report for the third quarter of 2018, pursuant to which the renewed rental of the group's Central office portfolio continued higher due to sustaining tight supply in the local market.

Vacancy rate slid to 0.8% in end of September 2018 from 1.9% recorded at the end of June 2018.

As for property development, the group's contracted sales in China saw a decline on the timing of project launch.

Source: AAstocks.com
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