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Hongkong Land: Interim Dividend Maintained Despite Challenging Times

Aug. 05, 2021 10:18 AM ETHongkong Land Holdings Limited (HKHGF)


  • Hongkong Land's 1H 2021 financial performance was decent; the company's underlying earnings increased by +12% YoY and it did not cut its interim dividend.
  • Concerns about the company's core Hong Kong office property business seem overdone, considering its recent 1H 2021 results, management's remarks at the earnings call, and relevant news flow.
  • The market values Hongkong Land at 0.31 times P/B, and the stock boasts a consensus forward FY 2021 dividend yield of 4.9%.
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Footbridge and Corporate Buildings in central Hong Kong
Nikada/E+ via Getty Images

Elevator Pitch

I maintain a Bullish rating on Hongkong Land Holdings Limited (OTCPK:HKHGF) [HKL:SP].

Hongkong Land's stock price rose by as much as +42% from $3.70 as of August 7, 2020 to a one-year high of $5.26 on March 10, 2021, following

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This article was written by

The Value Pendulum profile picture

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Learn more

Analyst’s Disclosure: I/we have a beneficial long position in the shares of HONGKONG LAND HOLDINGS LIMITED [HKL:SP] either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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