Re: Hongkong Land
Posted: Wed Jun 27, 2018 8:52 pm
vested
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/
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/