Skip Navigation Links
Review of Hong Kong Land
10 Mar 2021 (136 views)

I used to hold 30,000 shares in Hong Kong Land. I sold 10,000 recently and now hold 20,000 shares.

The stock price has moved up 22% during the past two weeks from $4.38 to $5.36 USD.

The PE ratio is negative for the past year and forecasted. This suggest that the company is still showing a loss.

I checked the financial figures and found that the normal operating profit is steady. It appears that there is writeoff in the asset value that contributed to the loss last year. This is likely to be repeated for this year. 

If this is the case, why does the stock move up 22%? I am puzzled.

I invested in this stock because the price to book was 25%. The stock price shows a discount of 75% from the asset value, which comprised largely of prime properties in Hong Kong and Singapore. The price to book ratio has increased to 30%

The company is declaring its results later this month. Should I hold on to my 20,000 shares or buy back the 10,000 shares that I sold? 

I decided to sell another 10,000 shares and to hold only 10,000 shares. I hope that this is the right decision!

 

Tan Kin Lian

 

 



Review of Hong Kong Land
[Back] [Print]


I used to hold 30,000 shares in Hong Kong Land. I sold 10,000 recently and now hold 20,000 shares.

The stock price has moved up 22% during the past two weeks from $4.38 to $5.36 USD.

The PE ratio is negative for the past year and forecasted. This suggest that the company is still showing a loss.

I checked the financial figures and found that the normal operating profit is steady. It appears that there is writeoff in the asset value that contributed to the loss last year. This is likely to be repeated for this year. 

If this is the case, why does the stock move up 22%? I am puzzled.

I invested in this stock because the price to book was 25%. The stock price shows a discount of 75% from the asset value, which comprised largely of prime properties in Hong Kong and Singapore. The price to book ratio has increased to 30%

The company is declaring its results later this month. Should I hold on to my 20,000 shares or buy back the 10,000 shares that I sold? 

I decided to sell another 10,000 shares and to hold only 10,000 shares. I hope that this is the right decision!

 

Tan Kin Lian