Hongkong Land Holdings Limited

H78.SI : Singapore Exchange

3.260

+1.24%

Share Price in USD. As of 21 Jun 17:15:16 SGT

All

Chart

Key stats

  • 52-Week High
    $4.050
  • 52-Week Low
    $2.780
  • Market Cap
    $7.2B
  • Avg Volume
    1.6M
  • P/E Ratio (TTM)
    -
  • Forward Dividend Yield
    6.8%

Share Price Performance

H78.SI
Market
1 Day 1.56% -0.02%
5 Day 1.24% 0.26%
1 Month -6.05% -0.06%
6 Month -2.69% 6.22%
YTD -5.78% 2.36%
1 Year -8.17% 2.25%
5 Year -40.29% 6.42%
Include dividend return

Beansprout Analysis

Market Analysis

Consensus Share Price Target

Price Target: $3.503

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 21 Jun 2024

Analyst Ratings

  • CGS-CIMB

    31 Jul 2023

    Hold

    4.000

  • DBS Research

    10 Nov 2023

    Buy

    3.970

    (prev 4.560)

Valuation

Price to earnings (P/E) ratio

Current P/E
8.9
Historical Average P/E
7.8

Hongkong Land Holdings Limited's current P/E ratio of 8.9x is higher than its historical average P/E ratio of 7.8x.

Price to book (P/B) ratio

Current P/B
0.2
Historical Average P/B
0.3

Hongkong Land Holdings Limited's current P/B ratio of 0.2x is lower than its historical average P/B ratio of 0.3x.

Earnings

Earnings Highlights

2023 Preliminary Announcement of Results

  • Revenue: SGD 1.84B

    Decreased 18% Year-on-Year

    The Group's performance during the year was impacted by lower profits from Development Properties, despite improved results from Investment Properties compared to 2022, as trading conditions in its key markets continue to be impacted by economic uncertainties and subdued capital market activity.

  • Net Profit: -SGD 582M

    Decreased 388% Year-on-Year

    The loss attributable to shareholders was US$582 million, after including net non-cash losses of US$1,317 million arising primarily from the revaluation of the Group's Investment Properties portfolio.

  • Dividend Per Share: SGD 0.22

    The Directors recommend a final dividend of US¢16 per share, resulting in a total dividend for the year of US¢22 per share, unchanged from last year.

  • Debt to Equity Ratio: 21%

Earnings per share (EPS)

The latest earnings per share is $0.09, which is higher than the earnings per share of -$0.15 in 2021.

Financials

Financial Statements

07 Mar 2024

Full Yearly Results

For period ending 31 Dec 2023

28 Jul 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

09 Apr 2024

Annual Report

For period ending 31 Dec 2023

News

Profile

Company Description

Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership. The Group owns and manages more than 850,000 sq.m. of prime office and luxury retail property in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties attract the world’s foremost companies and luxury brands. The Group’s Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, four retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high-quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq.m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

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