Hongkong Land

Hongkong Land, a member of the Jardine Group of companies, will be eligible to receive a tiered discount on the interest rate of the loan should it achieve pre-determined ESG targets agreed with DBS.

DBS Group Research remains optimistic about Hongkong Land and chooses to believe that a large majority of negatives have already been priced in for the stock, which will in turn cushion further downside risk against its share price.

The group booked a net loss in fair value of investment properties of associates and joint ventures of US$32.6 million in FY2019, compared to gains of US$188.6 million a year ago.

SINGAPORE (Oct 7): Property group Hongkong Land has climbed into KGI Securities' high dividend watchlist after a recent sell-off, as the research house made "key changes" to its watchlist.

SINGAPORE (Aug 6): Hongkong Land, the property group which is a member of the Jardine group, reported a 63% fall in 1H19 earnings ended June to US$411 million ($568 million) from US$1.1 billion in 1H18.

SINGAPORE (Feb 28): Jardine Strategic Holdings and Jardine Matheson Holdings, both members of the Jardines group of companies, reported 57% and 56% lower FY18 earnings of US$1.84 billion and US$1.73 billion respectively.

SINGAPORE (Mar 9): CIMB is maintaining Hongkong Land at "add" given its Central office portfolio will continue to benefit from strong Mainland demand and limited supply in the medium term.

(Feb 1): Hongkong Land and Central Group are jointly acquiring the British embassy compound in downtown Bangkok for £420 million ($782 million) in what is said to be a record property deal for Thailand.

SINGAPORE (Nov 10): DBS says Hongkong Land, trading at 38% discount to its assessed current NAV, is inexpensive from a historical perspective.

SINGAPORE (Aug 5): Jardine Matheson, the Hongkong-based diversified business group focused principally on Asia, reported 1H17 earnings ended June of US$2.1 billion ($2.9 billion) compared with US$984 million in 1H16.