|Bid||5.40 x 0|
|Ask||5.41 x 0|
|Day's Range||5.38 - 5.43|
|52 Week Range||5.16 - 7.53|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||7.24|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.12 (2.21%)|
|1y Target Est||7.90|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hongkong Land Holdings Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
* U.S. delays tariffs on Chinese goods by two weeks * Malaysia edges up ahead of central bank decision * Singapore sees worst session since Sept 2 By Anushka Trivedi Sept 12 (Reuters) - Southeast Asian stock markets were subdued on Thursday, with the Philippines leading declines, as a temporary relief in the unpredictable trade spat between Washington and Beijing failed to impress investors. China exempted a basket of U.S. goods from its own tariffs, while U.S. President Donald Trump said he would delay a scheduled tariff hike by two weeks in October. The Singapore benchmark index, among the most vulnerable to the trade dispute with China being the region's biggest trading partner, marked its worst session in over a week.
* Singapore shares hit their highest in a week * Investors await minutes of Fed July meet due on Wednesday * Philippine stocks down 1.2% By Niyati Shetty Aug 20 (Reuters) - Most Southeast Asian stock markets eked out gains on Tuesday as global policymakers step in to support their economies, in a bid to stave off a sharp economic slowdown, boosting riskier assets. The Singapore bourse extended gains to its highest in a week, boosted by real estate stocks. Capitaland Ltd and Hongkong Land Holdings Ltd were among the top gainers in the index, rising 1.7% and 2.3%, respectively.
Moody's Investors Service says that Hongkong Land Holdings Limited's (HKLH) 2019 interim results are in line with Moody's expectations and continue to support the company's A3 issuer rating. The results also support the A2 issuer rating of HKLH's wholly owned subsidiary, The Hongkong Land Company, Limited. "HKLH's overall earnings in 1H 2019 remained largely stable, driven mainly by steady growth in its investment properties business," says Stephanie Lau, a Moody's Vice President and Senior Analyst.
How bad is sentiment in the Hong Kong property market? In the residential deal, an as-yet-unidentified buyer inked a HK$722 million ($92.1 million) agreement on Dec. 31 to buy House No. 16 at the Mount Nicholson development high on Victoria Peak. and privately held Nan Fung, have commanding views overlooking the city from "the Peak," Hong Kong's most prestigious address.
Moody's Investors Service has affirmed Hongkong Land Holdings Limited's (HKLH) A3 issuer rating and The Hongkong Land Company, Limited's (HKLC) A2 issuer rating. At the same time, Moody's has affirmed the following ratings, which are unconditionally and irrevocably guaranteed by HKLC: (1) the provisional (P)A2 senior unsecured ratings on the medium-term note (MTN) programs for The Hongkong Land Finance (C.I) Company Limited, The Hongkong Land Treasury Serv. "HKLC's A2 issuer rating reflects the company's strong franchise in Hong Kong and long operating history," says Stephanie Lau, a Moody's Vice President and Senior Analyst.
Moody's Investors Service says that the earnings of its rated Hong Kong property companies will continue to grow in the next 12-18 months despite volatility in the operating environment, while US-China trade tensions will also exert an impact -- although limited -- on the sector. "We expect the weighted average EBITDA of our 10 rated Hong Kong property companies to grow by the high single-digits in fiscal 2018 and 2019, underpinned by robust residential presales over the past two years and steady office rental income growth," says Stephanie Lau, a Moody's Vice President and Senior Analyst.