Home Capital Broker's Calls

Sustained demand in Central’s office market keeps Hongkong Land at ‘buy’

PC Lee
PC Lee5/14/2018 02:36 PM GMT+08  • 2 min read
Sustained demand in Central’s office market keeps Hongkong Land at ‘buy’
SINGAPORE (May 14): DBS Group Research says Hongkong Land’s rental income expansion from Central’s office market should benefit from sustained demand from Chinese firms, tight vacancy and limited new supply.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 14): DBS Group Research says Hongkong Land’s rental income expansion from Central’s office market should benefit from sustained demand from Chinese firms, tight vacancy and limited new supply.

On April 9, Hongkong Land repurchased 12.3 million shares at US$7 ($9.33) each in the open market, marking its first share repurchase in more than 15 years.

“This signals the strong embedded value of the stock,” says lead analyst Jeff Yau in a May 10 report.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now