Hongkong Land

Results

Jardine Matheson reports higher 'underlying' earnings for FY2022, proposes higher dividend payout

Jardine Matheson plans to pay a higher FY2022 dividend of US$2.15, up 8% over FY2021

Broker's Calls

DBS says Hongkong Land is 'attractive from historical viewpoint' despite lower TP

DBS analysts Jeff Yau and Percy Leung have given Hongkong Land a lower target price of US$5.93 ($7.82) from US$6.14 previously.

Right Timing

The bad news has been discounted and priced

Most of the bad news for these property stocks is probably in the share price and has been discounted

Insider moves

Jardine Matheson's top executives buy shares; HRnetGroup steps up share buyback

"Overall, the group's outlook continues to be uncertain"

Broker's Calls

CGS-CIMB and DBS remain positive over Hongkong Land

In contrast to mainland Chinese developers, Hongkong Land has sped up its landbanking activities in China.

Property

CityDev, CapitaLand Investment mind the NAV and share price gap

City Developments and other developers mull discount between share price, NAV and RNAV
Jardine Matheson sees "encouraging improvement" in 3Q management update - THE EDGE SINGAPORE

Results

Jardine Matheson sees "encouraging improvement" in 3Q management update

However, challenges caused by the pandemic persists.
Jardine insiders Pang and Hsu raise stakes while Ntegrator’s Zhou trims her stake - THE EDGE SINGAPORE

Insider moves

Jardine insiders Pang and Hsu raise stakes while Ntegrator’s Zhou trims her stake

Both Jardine Matheson and Hongkong Land are trading at significant discounts to their book values.

Buybacks

Jardine Matheson commences share buy backs

Jardine Matheson spent around US$13.2 million on the first day it is buying back shares

Nam Lee sees new substantial shareholder; GSH, Hongkong Land insiders raise stakes

As of March 31, its net asset value (NAV) was 62.07 cents per share
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