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valuefish Member	06-Aug-2020 11:15        valuefish About Contact  Quote this Post!
x 0   x 0  Alert Admin	I will suggest not to use SGD to purchase HK Land and instead borrow money in USD or JPY or HKD to finance your investment in HK Land
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valuefish Member	06-Aug-2020 11:13        valuefish About Contact  Quote this Post!
x 0   x 0  Alert Admin	An Investment in HK land entails 3 issues. 1) the Underlying asset. This is of course the biggest factor. HK land has prime assets held all over Asia. They have hidden gems in Jakarta and thailand which are held under Joint Ventures. Most of their profitability has not been captured on their balance sheets at this moment because they are still under development but have already been sold 2) The USD. For some reasons, HK land has decided to trade and report in USD. We all know the USD is on a decline and is going to become banana notes soon. HK land has enjoyed the best of both worlds. When the USD was strong, the value of their earnings were preserved and their cashflow generated enabled them to expand their landbank effortlessly. Now that their landbank has been firmed up, A DECLINE IN THE USD is what will cause massive ASSET INFLATION in their freeholds and investment properties as Real estate is a physical asset....very much like Gold Bars In fact, Real Estate is SUPERIOR TO holding Gold because Real estate is INCOME PRODUCING and has UTILITY VALUE. GOLD Bar does not generate income and has no utility value other than electronic or semiconductor applications 3) Hong Kong being another chinese city. This is actually not an issue. Hong Kong has always been a rival of Shanghai and Beijing but with an advantage that it was a ultra free capital city. This doesnt change and capital can still move freely via the banking system and the HKD/USD Peg. The Peg is what gives HK the advantage as it gives the HK Monetary Authority access to infinite amounts of USD now via Infinite QE. Hong Kong' s future lies in the successful development of the greater Bay Area which Connects macau, shenzhen and guangzhou to its economy. This is a massive advantage over Beijing and Shanghai. We are talking about a casino, Tech Manufacturing and a financial economy being connected together. This will have positive spillover effects on HK. Companies definitely need a HK business address and commercial real estate in HK can only go up when the chinese moves in to snap up more real estate to take advantage of the new development opportunities. HK will continue to attract more listings compare to the lousy SGX and HK Land should consider moving their listing status away from SGX to HKE n3wbie      ( Date: 06-Aug-2020 00:55) Posted: Arguably, you would expect the underlying value of these prime real estate assets that HKL owns (in HK, Singapore and China) to appreciate over time. In HK, they have 9m sqft of at Central such as Landmark, Exchange Square, Jardine House, etc. In Singapore, they have MBFC, One Raffles Link, etc. Particularly like the land bank at West Bund in Shanghai which they acquired in Feb 2020 as it will be a transformative and iconic landscape spanning almost 9.5m sqft. On that note, I think credit to the management for being able to invite two strategic partners onboard despite Covid-19 it also allows HKL to recycle capital, improve gearing and reduce risk exposure. valuefish      ( Date: 05-Aug-2020 22:23) Posted: It is safe to take the NAV of the company as USD $13. This represents the stripping of all the past 4 years of revaluation surplus
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n3wbie Elite	06-Aug-2020 00:55        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Arguably, you would expect the underlying value of these prime real estate assets that HKL owns (in HK, Singapore and China) to appreciate over time. In HK, they have 9m sqft of at Central such as Landmark, Exchange Square, Jardine House, etc. In Singapore, they have MBFC, One Raffles Link, etc. Particularly like the land bank at West Bund in Shanghai which they acquired in Feb 2020 as it will be a transformative and iconic landscape spanning almost 9.5m sqft. On that note, I think credit to the management for being able to invite two strategic partners onboard despite Covid-19 it also allows HKL to recycle capital, improve gearing and reduce risk exposure. valuefish      ( Date: 05-Aug-2020 22:23) Posted: It is safe to take the NAV of the company as USD $13. This represents the stripping of all the past 4 years of revaluation surplus
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PQTPQK Supreme	05-Aug-2020 22:50        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	So can buy ? valuefish      ( Date: 05-Aug-2020 22:23) Posted: It is safe to take the NAV of the company as USD $13. This represents the stripping of all the past 4 years of revaluation surplus
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PQTPQK Supreme	05-Aug-2020 22:33        PQTPQK About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now only ..3.72 valuefish      ( Date: 05-Aug-2020 22:23) Posted: It is safe to take the NAV of the company as USD $13. This represents the stripping of all the past 4 years of revaluation surplus
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valuefish Member	05-Aug-2020 22:23        valuefish About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is safe to take the NAV of the company as USD $13. This represents the stripping of all the past 4 years of revaluation surplus
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n3wbie Elite	05-Aug-2020 21:45        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Thanks for sharing similarly HKL caught my attention and in fact it is one of Morgan Stanley' s top pick in their recent report on real estate. Not surprising given the very depressed valuation with a solid management team. At the recent 1H20 results, they are one of the few companies who is confident and able to maintain their interim dividend. Valuation is at its trough, comparable to GFC, SARS and even back to 97 AFC.  freeme      ( Date: 04-Aug-2020 15:09) Posted: After the recent reporting where its property value are revised lower. With that, its PB ratio now stands at 0.24x at share price $3.75. That is 76% discount to its asset value.  Just using Capitaland P/B 0.58x at the share price of $2.70. That is 48% discount to its asset value.  All i can say is, HKland is very under value. It may go lower slightly lower based on sentiment in short term, it can also shoot up real fast when economy improves with re-rating of their asset value.  Disclaimer: Invested..
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freeme Elite	04-Aug-2020 15:09        freeme About Contact  Quote this Post!
x 0   x 0  Alert Admin	After the recent reporting where its property value are revised lower. With that, its PB ratio now stands at 0.24x at share price $3.75. That is 76% discount to its asset value.  Just using Capitaland P/B 0.58x at the share price of $2.70. That is 48% discount to its asset value.  All i can say is, HKland is very under value. It may go lower slightly lower based on sentiment in short term, it can also shoot up real fast when economy improves with re-rating of their asset value.  Disclaimer: Invested..
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Trader1987 Veteran	07-Jul-2020 16:50        Trader1987 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree with you that sunview is assuming the price of property in HK to remain the SAME, which I back to defer - IT HAS TO INCREASE! This stock is WAY UNDERVALUE. To me, the PB of 0.25 is still over-rated. Even in today context, I value this stock with a PB of 0.15-0.20. Just buy and hold, should not go wrong in this counter. wangst      ( Date: 03-Jul-2020 16:55) Posted: your valuation is based on the perception that the price of property and land in hk will remain the same. the china bill effectively means that hk will be integrated as part of china. businesses, residents and foreign investors has started to flee hk en masse in view of china ' takeover' and US revocation on special status and this will impair the price of land and property in hk going forward. The question is, how much will the impairment of the value of property and land that hkland will need to account for going forward? sunview      ( Date: 01-Jul-2020 11:45) Posted: Hongkong Land is trading at huge discount to its asset. At the current price of US$4.10, it is trading at a trailing PB of 0.25 times, a low gearing of about 10% and a steady dividend of > 5%.   Its gearing is set to rise as it has acquired in February a mega prime plot   in Xuhui District of Shanghai, for a total land cost of Rmb31.1bn (US$4.4bn). The planned development   will yield 627,000 sqm of office space with 220,000 sqm to be sold and 407,000 sqm to be held for the long term. Hongkong Land was sold down mainly due to 2 reasons, the effect of Covid-19 on business outlook and the protests in Hong Kong.   Now the world is gradually coming out of the lockdown. Will a second wave come and how serious will that be ? And today the Hong Kong national security law comes into effect. Will its introduction bring back stability to Hong Kong ?   The question is Have the headwinds been discounted ?
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wangst Member	03-Jul-2020 16:55        wangst About Contact  Quote this Post!
x 0   x 0  Alert Admin	your valuation is based on the perception that the price of property and land in hk will remain the same. the china bill effectively means that hk will be integrated as part of china. businesses, residents and foreign investors has started to flee hk en masse in view of china ' takeover' and US revocation on special status and this will impair the price of land and property in hk going forward. The question is, how much will the impairment of the value of property and land that hkland will need to account for going forward? sunview      ( Date: 01-Jul-2020 11:45) Posted: Hongkong Land is trading at huge discount to its asset. At the current price of US$4.10, it is trading at a trailing PB of 0.25 times, a low gearing of about 10% and a steady dividend of > 5%.   Its gearing is set to rise as it has acquired in February a mega prime plot   in Xuhui District of Shanghai, for a total land cost of Rmb31.1bn (US$4.4bn). The planned development   will yield 627,000 sqm of office space with 220,000 sqm to be sold and 407,000 sqm to be held for the long term. Hongkong Land was sold down mainly due to 2 reasons, the effect of Covid-19 on business outlook and the protests in Hong Kong.   Now the world is gradually coming out of the lockdown. Will a second wave come and how serious will that be ? And today the Hong Kong national security law comes into effect. Will its introduction bring back stability to Hong Kong ?   The question is Have the headwinds been discounted ?
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sunview Veteran	01-Jul-2020 11:45        sunview About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hongkong Land is trading at huge discount to its asset. At the current price of US$4.10, it is trading at a trailing PB of 0.25 times, a low gearing of about 10% and a steady dividend of > 5%.   Its gearing is set to rise as it has acquired in February a mega prime plot   in Xuhui District of Shanghai, for a total land cost of Rmb31.1bn (US$4.4bn). The planned development   will yield 627,000 sqm of office space with 220,000 sqm to be sold and 407,000 sqm to be held for the long term. Hongkong Land was sold down mainly due to 2 reasons, the effect of Covid-19 on business outlook and the protests in Hong Kong.   Now the world is gradually coming out of the lockdown. Will a second wave come and how serious will that be ? And today the Hong Kong national security law comes into effect. Will its introduction bring back stability to Hong Kong ?   The question is Have the headwinds been discounted ?
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huatster Senior	10-Jun-2020 14:07        huatster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today, HKLand dropped to delicious level. Waiting to eat more
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like2learn Veteran	08-Jun-2020 18:39        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	with the super money printing and super charged up dow, i hope for $5.
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lorann Senior	08-Jun-2020 16:21        lorann About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is not a rocket that shoot up but ony an aeroplane trending up
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tipper Senior	08-Jun-2020 13:42        tipper About Contact  Quote this Post!
x 0   x 0  Alert Admin	Coming real soon.  HTHT1989      ( Date: 05-Jun-2020 16:02) Posted: Maybe $4.5 ) tritonyeah666      ( Date: 01-Jun-2020 10:35) Posted: Sell at 4 bucks.
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zyer89 Member	06-Jun-2020 01:39        zyer89 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yea man. Congrats to those who bought in the 3.5x or even 3.4x region. With prices of stocks stabilising and dji soaring new heights everyday, unless a strong correction comes down, this should grow steadily.
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huatster Senior	05-Jun-2020 16:38        huatster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Currently still cheap compared to its NAV
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HTHT1989 Senior	05-Jun-2020 16:02        HTHT1989 About Contact  Quote this Post!   Yells: "Huat ah!"
x 0   x 0  Alert Admin	Maybe $4.5 ) tritonyeah666      ( Date: 01-Jun-2020 10:35) Posted: Sell at 4 bucks.
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lorann Senior	05-Jun-2020 15:51        lorann About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nice going, up and up
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TA_Expert Supreme	05-Jun-2020 15:29        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Look at the HKL rocket fired over the week. Huat to those who bought cheap last 2 weeks.
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