Hongkong Land Holdings Limited
H78.SI : Singapore Exchange
3.360
+1.20%
Share Price in USD. As of 26 Jul 17:04:43 SGT
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Key stats
- 52-Week High$3.720
- 52-Week Low$2.780
- Market Cap$7.4B
- Avg Volume1.3M
- P/E Ratio (TTM)-
- Forward Dividend Yield6.6%
Share Price Performance
| H78.SI | Market
| |
|---|---|---|
| 1 Day | 0.30% | 0.24% |
| 5 Day | 0.60% | -0.31% |
| 1 Month | 3.38% | 2.49% |
| 6 Month | 7.69% | 9.02% |
| YTD | -2.89% | 6.08% |
| 1 Year | -5.88% | 6.50% |
| 5 Year | -40.21% | 9.82% |
Beansprout Analysis
Market Analysis
Consensus Share Price Target
Price Target: $3.503
Source: SGX as of 27 Jul 2024
Analyst Ratings
CGS-CIMB
11 Mar 2024
Hold
3.600
(prev 4.000)
DBS Research
24 May 2024
Buy
4.050
(prev 3.980)
Valuation
Price to earnings (P/E) ratio
9.8
9.6
Hongkong Land Holdings Limited's current P/E ratio of 9.8x is higher than its historical average P/E ratio of 9.6x.
Price to book (P/B) ratio
0.2
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%
Outlook
In China, buyer sentiment toward the residential sector has continued to deteriorate, with reduced sales and pricing. Contracted sales for the full year are now expected to be lower than 2023 levels, with profit margins impacted by reductions in sales prices across a number of projects. As a result of these deteriorating market conditions, an extensive review of the Group's projects is being undertaken. Although the review is ongoing, this is expected to result in a non-cash impairment charge of US$200 million to US$300 million which will be reflected in the first half results to 30th June 2024. Accordingly, underlying earnings in the period will be significantly lower than in the same period in 2023.
Sources: Hongkong Land Holdings Limited Financial Report
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 | For period ending 31 Dec 2023 |
| 28 Jul 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 09 Apr 2024 | For period ending 31 Dec 2023 |