Hongkong Land Is A Buy With Recent Property Sale
Source: SeekingAlpha
2025-05-10 08:23:42 ET
Summary
- My rating for Hongkong Land stays as a Buy; I have identified favorable read-throughs from the company's latest asset monetization move.
- A partial sale of a property at a demanding 3.1% capitalization rate suggests HKHGF's shares are undervalued.
- HNGKY's financial capacity to execute on value-accretive capital allocation initiatives has also expanded with the divestment proceeds amounting to over HK$6B.
I remain bullish on Hongkong Land Holdings Limited ( HNGKY ) ( HKHGF ) (H78.SI) or "HLHL"....
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Hongkong Land Is A Buy With Recent Property Sale
Hongkong Land Holdings Ltd. ADR
NASDAQ: HNGKY
HNGKY Trading
-4.0% G/L:
$43.40 Last:
3,129 Volume:
$43.59 Open:
