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Home / Capital / Brokers Calls

CGS-CIMB and DBS analysts bet on attractive Hong Kong Land valuations

Broker's Calls

CGS-CIMB and DBS analysts bet on attractive Hong Kong Land valuations

Ng Qi Siang Published on Mon, Aug 03, 2020 / 4:02 PM GMT+8

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A+

It has been a tough 1H2020 for property management group Hong Kong Land, which reported a 24% fall in underlying profit y-o-y to US$353 million ($485.9 million). Still, analysts from CGS-CIMB and DBS have recommended that investors load up on the counter on the back of attractive valuations. Interim distribution per share (DPS) remains constant at US$0.06.

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