CGS International analysts Raymond Cheng, Will Chu and Steven Mak have kept their “hold” call and US$3.60 ($4.80) target price on Hongkong Land Holdings (SGX:H78
) , even after the developer reported a loss of US$582.3 million for FY2023 ended Dec 31, 2023, from earnings of US$202.7 million in the year earlier.
Hongkong Land
Price targets:
CGS International ‘hold’ US$3.60
DBS Group Research ‘buy’ US$3.98
Strong embedded value
