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TradingMao ( Date: 17-Sep-2021 20:58) Posted:
&ldquo HONGKONG LAND HOLDINGS LIMITED (&lsquo HKLH&rsquo ) SHARE REPURCHASE
Please be advised of the following market repurchase by HKLH of its ordinary shares:
Date of repurchase: 17th September 2021
Total number of shares repurchased: 626,500 shares
Highest price paid per share: US$4.54
Lowest price paid per share: US$4.48
The repurchased shares will be cancelled. |
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See, Evergrande crashed within a year..not too late to quit gambling. All the best!
Jimboy ( Date: 03-Oct-2020 20:37) Posted:
| Please look at the largest developer in China中 国 恒 大 集 团 Stock Code HKG: 3333. The share price for the past few months was like a yoyo - big swing down and up in the magtitude of almost 30%. Please check the rational behind. If you are still comfortable to further gamble feom here, then feel free to gamble in any Chinese shares or Chinese IPOs. ) |
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&ldquo HONGKONG LAND HOLDINGS LIMITED (&lsquo HKLH&rsquo ) SHARE REPURCHASE
Please be advised of the following market repurchase by HKLH of its ordinary shares:
Date of repurchase: 17th September 2021
Total number of shares repurchased: 626,500 shares
Highest price paid per share: US$4.54
Lowest price paid per share: US$4.48
The repurchased shares will be cancelled.
There is no announcement yet but from my observation, there are already a couple of buy back happening liao around ~1,000 lots which worth 4m+, there are still 495m+ available in the coffer, really surprise that people are selling cheap
Hongkong Land signs crypto firm as tenant for the first time
Hongkong Land Holdings, the biggest landlord in the heart of the Asian financial hub, signed a lease with a crypto asset firm for the first time as the century-old company moves to embrace the emerging sector.
Hong Kong-based HashKey Group will take up a floor in Three Exchange Square owned by Hongkong Land, the real estate firm said in a statement Wednesday.
The lease represents an evolution of the company' s portfolio in the Central district that brings together traditional financial institutions with blockchain and virtual asset firms as demand for space from foreign banks declines amid the pandemic.
" The SFC' s recent decision to regulate digital asset exchanges in Hong Kong gives us confidence that this new asset class has a regulatory framework, and therefore a future within the finance industry," said Neil Anderson, director and head of office, commercial property at Hongkong Land, referring to the city' s finance regulator.
The move will be an upgrade for HashKey, which is currently based in the Cyberport startup business park. Australia & New Zealand Banking Group was the previous tenant of the space in Three Exchange Square. HashKey also has operations in Singapore, Tokyo and Shanghai, according to its website.
" Three Exchange Square is one of the most prestigious office buildings in Hong Kong and we are glad to be moving to the centre of the business community," said Michel Lee, executive president at HashKey.
Central, ranked as the world' s most expensive office district, has long been dominated by traditional financial institutions from overseas and mainland China. However, as hybrid workplace arrangements and cost-saving measures take hold during the pandemic, demand from foreign banks has declined.
Lenders including Standard Chartered and BNP Paribas have been reducing their office space in the finance district over the past year. The vacancy rate in Central rose to 9.6 per cent at the end of July from 5.7 per cent a year ago, according to data from Jones Lang LaSalle. Banking, asset management firms and other financial services constituted 42 per cent of Hongkong Land' s office tenant profile by area as of June.
Hongkong Land is relatively late in accepting crypto companies to its portfolio. CK Asset Holdings signed trading platform BitMEX in Central' s Cheung Kong Center for a reported world-record rent in 2018.
The real estate company expects to see more virtual asset companies expanding in the finance district.
" Until recently, few of these firms had the scale to move into a prime central location but that is changing now and we are seeing an increase in inquiries from companies in the fintech space," Mr Anderson said.
https://www.businesstimes.com.sg/stocks/brokers-take-morningstar-raises-hongkong-land-fair-value-on-share-buyback-news
MORNINGSTAR Equity Research has raised its fair-value estimate for Hongkong Land Holdings HongkongLand USD: H78 +0.21% to US$7.40 from US$7.20 previously.
This comes as the property group' s proposed US$500 million share buyback programme is seen as an accretive transaction as well as a positive from a capital-allocation perspective given the " meaningful discount" to the research house' s fair value, said analyst Michael Wu in a report dated Tuesday.
The stock has a five-star Morningstar rating, and its economic moat is deemed " narrow" .
To recap, Hongkong Land on Monday said it intends to invest up to US$500 million to buy back its shares in a programme extending until Dec 31, 2022, as part of its bid to reduce the company' s capital.
Shares of the group surged as much as 13.6 per cent or US$0.57 the following day to peak at US$4.77 on the Singapore Exchange, where it has a secondary listing. Hongkong Land is primarily listed on the London Stock Exchange.
Noting that the stock remains undervalued on a dividend yield of 4.5 per cent, Mr Wu said in his report that he does not expect the share buyback to impact Hongkong Land' s financial position, considering its gearing of 12 per cent as at end-H1 2021.
He has assumed the majority of Hongkong Land' s intended share repurchase to occur in 2022 in view of the stock' s liquidity, and with four months remaining in its fiscal year for 2021.
The group' s current strong capital position is supportive of its future growth prospects, he added.
" The key catalyst would be a recovery of the office market in Hong Kong, from a sustained recovery in the office market, in our view. Investment properties contribute around 80 per cent of operating profit, with Hong Kong offices the largest contributor by revenue," said the analyst.
Morningstar is forecasting FY2021 and FY2022 revenue of US$2.49 billion and US$2.99 billion for the group, which translates to 18.9 per cent and 20.2 per cent year-on-year revenue growth, respectively.
The research house' s assumptions have factored in spot rent of HK$100 per month, with HK$118 per square foot per month of average rents estimated for FY2021.
" The reopening of Hong Kong' s border with mainland China, and internationally, is expected to see office demand return while also benefiting the retail component in Central. Our rental assumption for retail factors in a 10 per cent decline in spot rental for FY2021 and steady in 2022," commented Mr Wu.
As at 1.47pm on Thursday, shares of Hongkong Land were trading US$0.02 or 0.4 per cent higher at US$4.86 on the Singapore bourse.
Singapore stocks track Wall Street losses to end lower
Hongkong Land Holdings is STI' s only gainer most regional markets finish in the red.
SINGAPORE shares ended Wednesday in negative territory, tracking overnight losses on Wall Street as investors continue to grapple with lingering concerns over rising Covid-19 cases.
The Straits Times Index (STI) closed at 3,068.94 points, down 1.27 per cent or 39.59 points.
Markets in Asia largely tracked the weakness in the United States' reopening sectors as sentiments " continue to revolve around the elevated virus cases and lacklustre August US jobs report" , said IG market strategist Yeap Jun Rong.
With the exception of Japan' s Nikkei 225 and the Kuala Lumpur Composite Index which both gained 0.89 per cent, other key benchmark indices in the region ended the day lower.
Hong Kong' s Hang Seng Index fell 0.12 per cent Seoul' s Kospi dipped 0.77 per cent while the Jakarta Composite Index shed 1.41 per cent.
Across the Singapore market, losers outpaced gainers 351 to 147, after 1.84 billion securities worth S$1.38 billion changed hands.
Of the 30 STI constituents, Hongkong Land Holdings was the only counter that ended in the black.
Shares of Hongkong Land were up 2.3 per cent or US$0.11 to US$4.84 as the company continued to ride on the momentum from news of its share buyback programme.
Meanwhile, Keppel DC Real Estate Investment Trust and Thai Beverage were unchanged at S$2.55 and 67.5 Singapore cents respectively.
At the bottom of the table was Jardine Matheson Holdings, which fell 3.9 per cent or US$2.18 to US$54.20.
Genting Singapore was the most active counter on the blue-chip index with over 25 million shares changing hands. Its shares were down 0.6 per cent or half a Singapore cent to 78 cents.
Hongkong Land' s share buyback reflects management' s positive response to investors' concerns
CGS-CIMB Research analysts Raymond Cheng, Will Chu and Steven Mak are keeping " add" on Hongkong Land Holdings after the property group announced, on Sept 6, that it would spend up to US$500 million ($672.0 million) in share buybacks.
The analysts are also keeping their target price estimate unchanged at HK$5.70, which still based on a 45% discount to net asset value (NAV)
The announcement marks the first time in over 15 years that Hongkong Land announced beforehand, that it was buying shares back from the market.
" We think this reflects management' s positive response to investors' concerns on Hongkong Land' s persistently deep discount to book value (BV) and NAV," write the analysts in a Sept 7 report.
The last share buyback conducted by the group was in 2018, when it purchased 18.9 million shares from the secondary market, which is around 0.8% of Hongkong Land' s share capital at the time.
Based on the group' s share price of $4.22 as at market close on Sept 6, the share buyback programme is worth 5.1% of its market value, note the analysts.
In addition, the group is one of the cheapest Hong Kong landlords, with its current price trading at a 59% discount to end-FY2021 NAV.
" As one of the largest office landlords in Hong Kong, its premium office portfolio in Central accounts for 51% of its end-FY21F gross annual value (GAV), based on our estimates," they write.
" Hongkong Land is trading at an FY2021 dividend yield of 5.2%, higher than the average of 4.6% for other Hong Kong-based landlords and REITS."
Potential re-rating catalysts include stronger rental growth in its investment property portfolio, while a prolonged Covid-19 outbreak is a key downside risk.
Shares in Hongkong Land closed 11 US cents higher or 2.3% up at US$4.84 on Sept 8, with an FY2021 P/B of 0.27 times and dividend yield of 5.24%.
Can ask for the regulars here, so far this company got so called , kena target by the china CCP yet ??
Recently with all the chinese govt crackdown on tech, gaming, education, and now going after entertainment industry, really anything can happen anytime.
U talk rubish to serve your own political agenda.....if that the case then pay out as dividen better because it is immediate cash in pocket
If you were the CEO , for sure you would like to spend $500 milions on SBB than to donate to CCP, now all the cash rich companies " automatic " donate ,,,,
Imo it' s still not too late to enter...the way they executing the SBB...it' s way too slow....they need to purchase at least 4 figures (USD 5m) on every trading day just to meet the year end target (although they didn' t say they need to spend all the USD 500m).....but for sure the mgmt will not be pleased with their Treasury dept if they can' t meet the target, we shall see int he next two to 3 mths...it' s not a long time
DYODD, I' ve entered big on this
average price range was $6-8 in past 10 years except past 2 yrs , since HK demonstrations and Covid .
Dividend solidly 4-5% and growing according to mgnt latest remarks . Top grades assets in HK , Spore and China
Too late to enter in now ?
CIMB few days ago give target price of 5.70USD... hmmm..
Not sure how their data was obtained and what constitured as short (no buying back data so far).....but can see that there were shorted volume everyday
https://sginvestors.io/sgx/stock/h78-hongkongland-usd/share-price-history
stansays ( Date: 08-Sep-2021 12:12) Posted:
Our market is flood by shorist. Please leave for longist to take Kill them all plz
sure.can.work ( Date: 08-Sep-2021 11:50) Posted:
| Can' t be.....they may have something up in the sleeve....kill shortist? Or merger? |
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Nobody can predict the future ... only market fortune teller try to predict the fu .
stansays ( Date: 08-Sep-2021 12:10) Posted:
I' m really jinx with timing. LOL failed to collect more when under $.4.20.
des_khor ( Date: 08-Sep-2021 11:30) Posted:
| Of course hold la ... company still got so much $ haven?t bu |
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Our market is flood by shorist. Please leave for longist to take
Kill them all plz
sure.can.work ( Date: 08-Sep-2021 11:50) Posted:
Can' t be.....they may have something up in the sleeve....kill shortist? Or merger?
des_khor ( Date: 08-Sep-2021 11:04) Posted:
| One of the most stupiak management ... want to buyback share buy quietly at as Low as possible to save $ for the company ... now sudden announced I want to use 500m to buy sure shoot up one la and now buy expensive ! Btw .... thank you HKland board of directors . |
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I' m really jinx with timing. LOL failed to collect more when under $.4.20.
des_khor ( Date: 08-Sep-2021 11:30) Posted:
Of course hold la ... company still got so much $ haven?t buy
stansays ( Date: 08-Sep-2021 11:18) Posted:
| So now to buy or not to buy |
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Can' t be.....they may have something up in the sleeve....kill shortist? Or merger?
des_khor ( Date: 08-Sep-2021 11:04) Posted:
| One of the most stupiak management ... want to buyback share buy quietly at as Low as possible to save $ for the company ... now sudden announced I want to use 500m to buy sure shoot up one la and now buy expensive ! Btw .... thank you HKland board of directors . |
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Thanks...so they got more in the pocket USD498.5m
mrwonderful ( Date: 08-Sep-2021 11:04) Posted:
Sorry, check your maths again.
sure.can.work ( Date: 08-Sep-2021 10:57) Posted:
| Costed USD 1,494,784.....round it up to USD 1.5m....still another 485m in pocket....long way to rise....free money for those who bought these few days if you ask me |
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