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.
See: Hongkong Land to spend up to US$500 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)
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
