Professional
Added to YB: 2025-04-25
Pitch date: 2025-03-31
HKHGF [bullish]
Hongkong Land Holdings Limited
+63.46%
current return
Author Info
No bio for this author
Company Info
Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally.
Market Cap
$9.4B
Pitch Price
$4.39
Price Target
N/A
Dividend
5.42%
EV/EBITDA
14.32
P/E
-6.76
EV/Sales
7.23
Sector
Real Estate Management and Development
Category
dividend
Orbis Emerging Markets Equity Portfolio Holding: Hongkong Land Holdings Limited
HKHGF (holding update): Ultra-premium property landlord w/ <7% vacancy vs 14% Hong Kong avg. Trading at 0.3x book despite resilient rental income, 5% USD div yield & strong tenant retention. $1bn Landmark refurb 50%+ funded by luxury tenants. New CEO to recycle $10bn assets (mostly China residential) & double AUM via 3rd-party capital management.
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