Is Hongkong Land a value trap or undervalued?
Photo Credit: Hongkong Land
Follow us on Facebook and join our Telegram channel for the latest updates. The last time Hongkong Land was trading close to its book value was almost 15 years ago. Chart 1 shows the 20-year priceto-book ratio for Hongkong Land. In more recent years, this valuation metric has become much more attractive, as illustrated in Chart 2.
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