SGX:H78Real Estate
Hongkong Land (SGX:H78): Reassessing Valuation After Buybacks, Asset Sales and a Sharper Focus on Premium Mixed-Use Assets
Hongkong Land Holdings (SGX:H78) is back on traders radar after stepping up share buybacks and recycling capital from asset sales, all while its share price still trades at a steep discount to underlying assets.
See our latest analysis for Hongkong Land Holdings.
The combination of stepped up buybacks, capital recycling and a still wide discount to asset value is now clearly feeding into the price action. A roughly 9.5% one month share price return, a near 51% year to date share price gain...