Added to YB: 2025-01-29
Pitch date: 2024-12-31
HKHGF [bullish]
Hongkong Land Holdings Limited
+66.1%
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
$4.09
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
special_situation
Third Avenue International Real Estate Value Fund Portfolio Holding: Hongkong Land Holdings Limited
HKHGF: Premium mixed-use RE in HK, SG, SH. New strategy: simplify, divest $10bn, 20% buyback, target $100bn AUM in 10yrs. Aims 7%+ annual earnings/div growth, div yield to double to 10%. Mid-teens annual return potential. Strong balance sheet, A/A3 rated. Trading at deep discount to NAV.
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