Hongkong Land Holdings Limited (SGX:H78) Annual Results: Here's What Analysts Are Forecasting For This Year
Mar 11
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Singaporean (SGX) Real Estate Sector Analysis
UpdatedMar 23, 2025
DataAggregated Company Financials
Companies90
- 7D0.2%
- 3M2.9%
- 1Y2.3%
- YTD0.3%
Over the last 7 days, the Real Estate industry has remained flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the Singaporean Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Mar 2025 | S$145.8b | S$45.4b | S$4.7b | 20x | 30.7x | 3.2x |
| Tue, 18 Feb 2025 | S$143.2b | S$47.8b | S$4.9b | 16.1x | 29.5x | 3x |
| Thu, 16 Jan 2025 | S$142.1b | S$47.9b | S$3.9b | 16.3x | 36x | 3x |
| Sat, 14 Dec 2024 | S$143.5b | S$47.9b | S$3.9b | 15.5x | 36.6x | 3x |
| Mon, 11 Nov 2024 | S$145.2b | S$47.2b | S$3.7b | 14.2x | 38.9x | 3.1x |
| Wed, 09 Oct 2024 | S$153.3b | S$47.2b | S$3.6b | 14.1x | 42.4x | 3.3x |
| Fri, 06 Sep 2024 | S$146.1b | S$47.1b | S$3.6b | 12.8x | 40.6x | 3.1x |
| Sun, 04 Aug 2024 | S$141.2b | S$47.5b | S$3.7b | 13.9x | 38.1x | 3x |
| Tue, 02 Jul 2024 | S$135.9b | S$47.7b | S$4.2b | 13.2x | 32.2x | 2.8x |
| Thu, 30 May 2024 | S$138.7b | S$47.8b | S$4.0b | 13.8x | 34.7x | 2.9x |
| Sat, 27 Apr 2024 | S$138.5b | S$48.0b | S$4.3b | 14.5x | 32.2x | 2.9x |
| Mon, 25 Mar 2024 | S$140.8b | S$47.8b | S$4.5b | 14.9x | 31.2x | 2.9x |
| Wed, 21 Feb 2024 | S$145.3b | S$46.0b | S$5.5b | 16.5x | 26.5x | 3.2x |
| Fri, 19 Jan 2024 | S$153.8b | S$47.7b | S$6.7b | 14.9x | 23.1x | 3.2x |
| Sun, 17 Dec 2023 | S$157.9b | S$47.8b | S$6.7b | 15.4x | 23.7x | 3.3x |
| Tue, 14 Nov 2023 | S$146.1b | S$48.0b | S$7.4b | 14x | 19.6x | 3x |
| Thu, 12 Oct 2023 | S$151.4b | S$47.6b | S$8.2b | 14.1x | 18.4x | 3.2x |
| Sat, 09 Sep 2023 | S$156.4b | S$47.5b | S$8.2b | 15.3x | 19x | 3.3x |
| Mon, 07 Aug 2023 | S$161.0b | S$45.5b | S$11.3b | 14.1x | 14.3x | 3.5x |
| Wed, 05 Jul 2023 | S$162.4b | S$45.4b | S$12.4b | 12.5x | 13.1x | 3.6x |
| Fri, 02 Jun 2023 | S$162.7b | S$45.5b | S$12.4b | 12.6x | 13.2x | 3.6x |
| Sun, 30 Apr 2023 | S$169.4b | S$45.3b | S$12.7b | 13x | 13.3x | 3.7x |
| Tue, 28 Mar 2023 | S$166.4b | S$45.2b | S$12.9b | 11.5x | 12.9x | 3.7x |
| Thu, 23 Feb 2023 | S$170.4b | S$44.7b | S$14.3b | 10.5x | 12x | 3.8x |
| Sat, 21 Jan 2023 | S$173.1b | S$44.1b | S$15.4b | 10x | 11.3x | 3.9x |
| Mon, 19 Dec 2022 | S$167.8b | S$44.2b | S$15.5b | 10.5x | 10.9x | 3.8x |
| Wed, 16 Nov 2022 | S$168.2b | S$44.2b | S$15.7b | 10.6x | 10.7x | 3.8x |
| Fri, 14 Oct 2022 | S$161.2b | S$44.2b | S$15.3b | 9.8x | 10.5x | 3.6x |
| Sun, 11 Sep 2022 | S$182.0b | S$44.3b | S$15.4b | 11.5x | 11.9x | 4.1x |
| Tue, 09 Aug 2022 | S$186.6b | S$43.9b | S$13.7b | 12.8x | 13.6x | 4.3x |
| Thu, 07 Jul 2022 | S$178.2b | S$43.5b | S$12.2b | 12.7x | 14.6x | 4.1x |
| Sat, 04 Jun 2022 | S$183.0b | S$43.5b | S$12.5b | 13.2x | 14.7x | 4.2x |
| Mon, 02 May 2022 | S$189.1b | S$43.7b | S$12.2b | 13.4x | 15.5x | 4.3x |
| Wed, 30 Mar 2022 | S$186.7b | S$43.8b | S$11.8b | 13.3x | 15.8x | 4.3x |
Price to Earnings Ratio
15.8x
Current Industry PE
- Investors are optimistic on the Singaporean Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.7x which is higher than its 3-year average PE of 22.4x.
- The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 26% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Singaporean Real Estate sector?
| SG Market | 2.05% | |
| Real Estate | 0.19% | |
| Health Care REITs | 1.96% | |
| Office REITs | 1.10% | |
| Industrial REITs | 1.08% | |
| REITS | 0.93% | |
| Hotel and Resort REITs | 0.35% | |
| Real Estate | 0.31% | |
| Specialized REITs | -0.76% | |
| Retail REITs | -1.60% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 33.9x.
- Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings decline of 2.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 2.8% per year.
- In contrast, the Specialized REITs industry is expected to see its earnings decline by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9CI CapitaLand Investment | S$2.66 | 1.5% +S$199.3m | -2.6% | PE27.7x | |
| M44U Mapletree Logistics Trust | S$1.32 | 1.5% +S$101.3m | -9.6% | PB0.9x | |
| A17U CapitaLand Ascendas REIT | S$2.64 | 0.8% +S$88.0m | -3.6% | PB1.1x | |
| CWBU Stoneweg European Real Estate Investment Trust | €1.48 | 5.7% +€45.0m | 11.3% | PB0.7x | |
| TQ5 Frasers Property | S$0.83 | 1.8% +S$58.9m | -2.4% | PE20x |
