Skip to content
Alpha Edge Investing

Alpha Edge Investing

"Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand better than others, they have an edge.” – George Soros

  • Home
  • Earnings Updates/ Corporate Actions
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trust/ ETF
  • News
  • My Opinions/ Views
  • Others
  • About Me
  • Contact
  • Disclaimer
  • Community and Support Forums
  • Toggle search form

DBS: Hongkong Land Holdings Ltd – Buy Target Price US$5.95

Posted on July 27, 2022July 27, 2022 By alanyeo No Comments on DBS: Hongkong Land Holdings Ltd – Buy Target Price US$5.95
Result preview: Mild earnings drop expected
  • Underlying interim earnings expected to fall modestly by 5%.
  • Lower retail rental income expected due to temporary rental relief.
  • Residential profit booking from China a swing factor on earnings.

Hongkong Land will announce its interim results for FY22 on 28 July. We forecast the company’s underlying earnings to fall 5% to US$373m. Interim DPS is expected to stay unchanged at US$0.06.

We forecast rental income to be 3% lower. This was mainly due to lower retail income as the company provided temporary rental relief to those tenants impacted by the COVID resurgence in Hong Kong. Its Central office portfolio also suffered from negative reversion growth. Residential profit booking from China should be a swing factor on overall earnings.

Key things to watch for include vacancy and rental growth of Central’s office/retail portfolios, the company’s outlook of commercial leasing demand in Hong Kong, residential sales and its market outlook in China, among others. 

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Research - Equities Tags:Hongkong Land Holdings Ltd

Post navigation

Previous Post: DBS: Singapore Residential
Next Post: DBS: Frasers Centrepoint Trust – Buy Target Price $2.80

Related Posts

DBS: Hong Kong Retail Real Estate Research - Equities
DBS: HK Property Sector (Office and Retail) Research - Equities
DBS: Hongkong Land Holdings Ltd – Buy Target Price US$6.14 Research - Equities
CIMB: Hongkong Land Holdings Ltd – Buy Target Price US$6.10 Research - Equities
DBS: Hongkong Land Holdings Ltd – Buy Target Price US$6.14 Research - Equities
DBS: Hongkong Land Holdings – Buy Target Price US$5.95 Research - Equities
DBS: Hongkong Land Holdings Ltd – BUY TP US$6.61 Research - Equities
Edge: Jardine Matheson’s top executives buy shares; HRnetGroup steps up share buyback Earnings Updates/ Corporate Actions
KGI: Hongkong Land Holdings Limited (HKL SP) – Hong Kong’s reopening on track Research - Equities
DBS: Hongkong Land Holdings Ltd – BUY TP US$6.61 Research - Equities
DBS: Hong Kong Retail Real Estate Research - Equities
DBS: Hongkong Land – BUY TP $6.61 Research - Equities

Leave a Reply

You must be logged in to post a comment.

Login

Log In
Register Lost Password
Get new posts by email
Chat on WhatsApp
  • Earnings Updates/ Corporate Actions
  • My Opinions/ Views
  • News
  • Others
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trusts/ ETF

Copyright © 2023 Alpha Edge Investing.

Powered by PressBook Grid Blogs theme