|Bid||7.10 x 0|
|Ask||7.11 x 0|
|Day's Range||7.09 - 7.17|
|52 Week Range||5.88 - 7.53|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||6.77|
|Earnings Date||Mar 6, 2019 - Mar 11, 2019|
|Forward Dividend & Yield||0.22 (3.09%)|
|1y Target Est||7.90|
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.
As HNA Group Co.’s global ambitions continue to shrink, so too does its need for office space. The debt-laden Chinese conglomerate is surrendering eight floors of office space in Hong Kong’s business district that it never occupied, according to people familiar with the matter. Some of the floors in Three Exchange Square in Central are being marketed for new tenants, according to the people, who asked not be named because they’re not authorized to speak publicly.
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Hongkong Land Holdings Limited (SGX:H78), a large-cap worth US$16.22b, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to theirRead More...
Moody's Investors Service says that Moody's-rated Hong Kong property companies will show steady earnings growth over the next 12-18 months, and that the stable outlook of most companies is supported by ...