Added to YB: 2024-05-28
Pitch date: 2024-05-24
0014.HK [bullish]
Hysan Development Company Limited
+70.47%
current return
Author Info
Company Info
Hysan Development Co., Ltd. is a leading property investment, management and development company. Its core asset portfolio, “Lee Gardens” in Hong Kong, has approximately 4.
Market Cap
HKD 11.5B
Pitch Price
HKD 11.04
Price Target
N/A
Dividend
9.66%
EV/EBITDA
18.93
P/E
-18.03
EV/Sales
13.67
Sector
Real Estate Management and Development
Category
value
Hysan Development: Maximum Pessimism
0014.HK - Hysan Dev, HK property developer w/ prime Causeway Bay portfolio at deep discount. Despite 100yr history, conservatively run by founding Lee family (42% owners), trades at 19% book. Even slashing property values (offices/residential -50%, retail -33%), still 76% upside. Pays 8.9% div. Mkt too pessimistic on HK prop; Hysan a bet on mean reversion.
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