Hongkong Land Holdings Limited

H78.SI : Singapore Exchange

3.750

+1.08%

Share Price in USD. As of 12 Sep 17:14:37 SGT

All

Chart

Key stats

Hongkong Land Holdings Limited’s share price has increased by 16.5% over the past 1 year. It has outperformed the Singapore stock market during this period.

Share Price Performance
52 Week Range
$2.780 - 3.810
Price vs historical high/low
Near high
H78.SI Market
1 Day 1.6% 0.4%
5 Day 2.2% 3.0%
1 Month 9.3% 9.1%
6 Month 14.7% 12.5%
YTD 8.4% 10.1%
1 Year 16.5% 15.7%
5 Year -31.8% 11.4%
Valuation
Market Cap
$8.3B
P/E
11
P/E lower than historical average
No
P/B
0.27
P/B lower than historical average
Yes
Financial
Dividend

Recently happened to Hongkong Land Holdings Limited

Hongkong Land Holdings Limited has announced 1H24 Results Summary.

12 Sep 2024 • Earnings

View earnings highlights
Hongkong Land Holdings Limited announced dividend per share (DPS) of S$0.06

02 Aug 2024 • Dividend

View upcoming dividend payment
Beansprout Analysis
Market Analysis

Consensus Share Price Target

Hongkong Land Holdings Limited’s price target is $3.503, according to consensus estimates as of 12 Sep 2024. Hongkong Land Holdings Limited’s with a price target of $3.503 and current price of $3.75, has an upside potential of -6.6%.

Price Target: $3.503

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 12 Sep 2024

Analyst Ratings

  • CGS-CIMB

    11 Mar 2024

    Hold

    3.600

    (prev 4.000)

  • DBS Research

    02 Aug 2024

    Buy

    3.880

    (prev 4.050)

Valuation

Price to earnings (P/E) ratio

Current P/E
11
Historical Average P/E
9.45

Hongkong Land Holdings Limited's current P/E ratio of 11x is higher than its historical average P/E ratio of 9.45x.

P/E Ratio over Past 10 Years

+1 Standard Deviation
Average
-1 Standard Deviation

Price to book (P/B) ratio

Current P/B
0.27
Historical Average P/B
0.32

Hongkong Land Holdings Limited's current P/B ratio of 0.27x is inline with its historical average P/B ratio of 0.32x.

Earnings

Earnings Highlights

1H24 Results Summary

  • Revenue: SGD 972.40M

    Increased 45% Year-on-Year

    Higher revenue from Development Properties due to timing of project completions, partially offset by lower rental income from Investment Properties.

  • Net Profit: -SGD 828M

    Decreased 15% Year-on-Year

    Underlying loss of US$7 million due to provisions in China Development Properties, and unrealized net non-cash losses from revaluations of Investment Properties portfolio.

  • Dividend Per Share: SGD 0.06

    Interim dividend unchanged from the prior year.

  • Debt to Equity Ratio: 18%

    Increased 6% Year-on-Year

    Net debt remained stable at US$5.4 billion, with net gearing increasing slightly to 18% from 17% at end of 2023.

Earnings per share (EPS)

Hongkong Land Holdings Limited's' latest earnings per share is $0.09, which is higher than the earnings per share of -$0.15 in 2021.

Financials

Financial Statements

01 Aug 2024

Half Yearly Results

For period ending 30 Jun 2024

07 Mar 2024

Full Yearly Results

For period ending 31 Dec 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.