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Not matter how u dont want to divest， there are occasions to recycle investment. Sell and to buy property in better grow position.
There have been huge revaluation gain on properties for 3 consecutive years. Dont see it as one off gain anymore. No matter management divest or not, they had proven their ability to spot property at good location.
Current dividend policy is also irrelevant. If it is requested to change, it will.
There have been huge revaluation gain on properties for 3 consecutive years. Dont see it as one off gain anymore. No matter management divest or not, they had proven their ability to spot property at good location.
Current dividend policy is also irrelevant. If it is requested to change, it will.
Actually I am happy that HKLand is managed in the most boring and unsexy way. It is controlled by Jardine Matheson which is still largely owned by Keswick family. Basically you have to view it as a huge family business like UOB/UIC/Haw Par of Wee' s family. Hence, the owners are *extremely* unlikely to divest their important investment properties just to boost the share price temporarily (since they don' t need the profit from the stock market anway so why kill the goose that laid the golden eggs?). On the contrary, their investment horizon is for generations as it is tied to the fate/wealth of the family.
There are in fact many other properties developers that are into the game of building and divesting. You' ll see exciting time with huge windfalls, as well as quiet time when they sink into red. This is not how HKLand is managed from what I see over the years. There are much better options to trade if you are excited about increasing stock price every passing day and hope that you can sell it soon.
Ignoring the stock price, HKLand' s owner earnings (real earning by Buffett' s definition, not net profit!) has been increasing over the decade. Even the financial crisis in 2007-09 and general economy downturn 2013-16 had negligible effect on owner earnings... of course the stock price suffered but those years were the best for value hunters. If I am not mistaken, HKLand has an impressive accumulation of ~US$2 per share of owner earnings over the past 10 years. Has that been reflected in the stock price? I would think so, but stock market is irrational anyway.
In short, if your investment style fits family business model where the owners aim to grow the wealth for future generations with little regard to the stock price and dividend distribution, this is a good counter to hold on to... until the day the business becomes stagnant or shrinks (or if over-excited investors decide to push the price way way way beyond its intrinsic value lol). Another company that is getting more boring in that sense is Capitaland (relying on growing the wealth and focusing on recurring income). Some of you might want to take a look.
There are in fact many other properties developers that are into the game of building and divesting. You' ll see exciting time with huge windfalls, as well as quiet time when they sink into red. This is not how HKLand is managed from what I see over the years. There are much better options to trade if you are excited about increasing stock price every passing day and hope that you can sell it soon.
Ignoring the stock price, HKLand' s owner earnings (real earning by Buffett' s definition, not net profit!) has been increasing over the decade. Even the financial crisis in 2007-09 and general economy downturn 2013-16 had negligible effect on owner earnings... of course the stock price suffered but those years were the best for value hunters. If I am not mistaken, HKLand has an impressive accumulation of ~US$2 per share of owner earnings over the past 10 years. Has that been reflected in the stock price? I would think so, but stock market is irrational anyway.
In short, if your investment style fits family business model where the owners aim to grow the wealth for future generations with little regard to the stock price and dividend distribution, this is a good counter to hold on to... until the day the business becomes stagnant or shrinks (or if over-excited investors decide to push the price way way way beyond its intrinsic value lol). Another company that is getting more boring in that sense is Capitaland (relying on growing the wealth and focusing on recurring income). Some of you might want to take a look.
I hope you are right, I am wrong. We know this is one of the so-called ' undervalued' stocks, but it has to perform at some point.
calvinlooi ( Date: 27-Oct-2017 13:03) Posted:
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The drop in 1st half year is due to the drop is USD.
Investors dont want to hold shares denominated in USD. Nothing wrong with HKL.
Now USD should be quite stable already, I dont think it can drop very much further.
Today shares also in high volume, if current price at $7.30++ can establish a new bottom, it proves an upward trend against previous one $7.20++.
It will shoot to the sky.
Investors dont want to hold shares denominated in USD. Nothing wrong with HKL.
Now USD should be quite stable already, I dont think it can drop very much further.
Today shares also in high volume, if current price at $7.30++ can establish a new bottom, it proves an upward trend against previous one $7.20++.
It will shoot to the sky.
MikeL2009 ( Date: 27-Oct-2017 12:56) Posted:
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So far, this counter has been rather disappointing. The same pattern of fast losing steam with every small spike.
House Passes Budget Blueprint, Clearing Path for Tax Overhaul
https://www.nytimes.com/2017/10/26/us/politics/house-budget-blueprint-tax-cut.html
This is highly positive for USD...which HK Land is denominated in.
Good investing!
https://www.nytimes.com/2017/10/26/us/politics/house-budget-blueprint-tax-cut.html
This is highly positive for USD...which HK Land is denominated in.
Good investing!
Hi Calvin , pls chk out hk land 2016 ye web-seminar for your a
regarding their dividend policy. ..good investing!
calvinlooi ( Date: 26-Oct-2017 18:17) Posted:
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As said, there are two story that will result in share price jump:
1. Divestment of property
2. Increase of dividend, long time not adjusted to reflect with current earnings.
Low dividend is actually a very good point at here, just wait and see.
1. Divestment of property
2. Increase of dividend, long time not adjusted to reflect with current earnings.
Low dividend is actually a very good point at here, just wait and see.
Jimboy ( Date: 26-Oct-2017 17:37) Posted:
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" CK Asset sold the Centre at HK$40+Billion" is just a rumour. ( http://www1.hkej.com/dailynews/investment/article/1685586)
Haing said this, this news should not affect HK Land' s share price because it is still one of the " most value for money" property counter be it in SGX or any other stock exchange in the world - given that its NAV is USD 14+ per share.
Yes, we know that HK Land might not want to sell their investment property today, but anyone can assure that they will not sell when the curcumstances tell them to do so otherwise?
Good investing!
Haing said this, this news should not affect HK Land' s share price because it is still one of the " most value for money" property counter be it in SGX or any other stock exchange in the world - given that its NAV is USD 14+ per share.
Yes, we know that HK Land might not want to sell their investment property today, but anyone can assure that they will not sell when the curcumstances tell them to do so otherwise?
Good investing!
calvinlooi ( Date: 26-Oct-2017 09:07) Posted:
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The drop after dividend still on going. Or is there any news that I dont know?
As long as this drop not hit the price of 7.20, there will be upward formation
As long as this drop not hit the price of 7.20, there will be upward formation
I just added some on this counter. Yes, it is for longterm, the Taipan is under valued and has potiential. Sit tight!
| The share price drops much more than the dividend paid out. I dont really mind it because I intend to hold it for long term, until USD become better or I will use the USD for a USA trip for a month. There are two things I wish to discuss on recent share price upward movements: 1. Gain on revaluation of IP: There have been three years consecutive revaluation gains. Yr 2015: $1,000m Yr 2016: $2,550m Yr 2017: $2.694m Shoud there are any news on disposal of IP to realise the cash for another investment, the amount would be significant. 2. The dividend had not been revised for years. It is too low. My thought is that, should next financial year, the company annouced a better dividend, the share price will shoot very very high. This is my fund for US trip, may the dream comes true. |
The share price drops much more than the dividend paid out. I dont really mind it because I intend to hold it for long term, until USD become better or I will use the USD for a USA trip for a month.
There are two things I wish to discuss on recent share price upward movements:
1. Gain on revaluation of IP: There have been three years consecutive revaluation gains.
$1,000m in Yr 2015, 2
There are two things I wish to discuss on recent share price upward movements:
1. Gain on revaluation of IP: There have been three years consecutive revaluation gains.
$1,000m in Yr 2015, 2
The rumour that CK Asset has sold the Centre at HK$40+Billion is a very positive news. But the Resistance Level remains at and around $7.85. Let' s see how the market move from here.
Good investing!
[Note: As Hyprocrates pointed out earlier, the underlying earnings is more appropriate vs the total earnings (including revaluation gain) in terms of calculating the P/E for HK Land. ]
Good investing!
[Note: As Hyprocrates pointed out earlier, the underlying earnings is more appropriate vs the total earnings (including revaluation gain) in terms of calculating the P/E for HK Land. ]
Jimboy ( Date: 22-Sep-2017 11:38) Posted:
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The property that Wheelook sold in HK is in the Kwun Tong area with full seaview. Kwun Tong area was and remains as an industrial area till today. The sale works out to be about US$1,900 per square foot, unprecedented for the district, according to Dorothy Chow, regional director at Jones Lang LaSalle. Please bear in mind that the Central Boulevard (CBD area) JV plot between IOI properties and HK Land works out to be SGD1,689 psf per plot ratio ONLY! This is caused by China' s liquidity driving up HK' s property price.
HK Land has been divesting their portfolio concentration risk over the years by investing overseas. Believe it or not, including HK Land' s one third share of Central Boulevard plot, it owns over 2 Million square feet of Grade A commercial properties in Singapore already. Whereas, it owns about 4.8 Million sq ft of grade A commercial properties in HK.
Good day!
HK Land has been divesting their portfolio concentration risk over the years by investing overseas. Believe it or not, including HK Land' s one third share of Central Boulevard plot, it owns over 2 Million square feet of Grade A commercial properties in Singapore already. Whereas, it owns about 4.8 Million sq ft of grade A commercial properties in HK.
Good day!
calvinlooi ( Date: 12-Oct-2017 19:57) Posted:
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Wheelock sell a HK property at record high, HK property market really good.
The government is increasing interest rate to cold market down, it means that the market is really hot now.
Really hope that recent share price and volume increase is related to some disposal of properties.
The government is increasing interest rate to cold market down, it means that the market is really hot now.
Really hope that recent share price and volume increase is related to some disposal of properties.
Today so geng? Any thing?
I see this shares as long term investment, few years later after I sell this share at higher price with higher USD exchange, I will make my trip to USA to travel for a month.
I see this shares as long term investment, few years later after I sell this share at higher price with higher USD exchange, I will make my trip to USA to travel for a month.
Good volume today, may shoot high high
This stock always go in line with STI on daily up and drop.
However, it had managed to maintain and go against the STI today.
I believe today is the sign for turnaround for next peak.
However, it had managed to maintain and go against the STI today.
I believe today is the sign for turnaround for next peak.
The ADX chart is not as poor as the share price performance.
Let see how next week performance is.
Let see how next week performance is.