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Review of Hongkong Land (H78.SI) - 26 Oct 2021
26 Oct 2021 (205 views)  

I hold 36,000 shares of Hongkong Land at an averge price of US$4.67. My total investment is $173,000. the price on 26 Oct is $5.30 giving me a gain of $23,300 or 13.4% over my cost. 

My last review of this stock was on 24 Aug when the price was at $4.22. At that time, the price dropped due to the release of the financial results for the first half of 2021. 

I analyzed the stock using the latest financial figures and concluded that the stock was much under valued. My analysis is shown here

I gave the financial indicators and the reasons why I was confident about this stock.

My analysis turned out to be correct. The stock increased by 25% over the past two months.

The main catalyst was that the company decided to buy back their stock at the depressed price. They also know that the stock price was much undervalued. 

In the previous analysis, I gave my estimate of the fair value of the stock to be between $5.58 and $7.42. 

The price is now approaching $5.58. I may sell some of the shares when it passed this point. However, I will keep the remainder of the shares when it approaches the upper limit. 

I expect the financial results for the full year 2021 to be positive. It is expected to be released in early March 2022.

I continue to be positive towards this stock. It is earning a rental income of about 8% on its assets and gives a dividend of about 5%. The book value is about $14, while the share price is about 5% only.

Note - this is my personal observation. It is not investment advice. 


 


Review of Hongkong Land (H78.SI) - 26 Oct 2021
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I hold 36,000 shares of Hongkong Land at an averge price of US$4.67. My total investment is $173,000. the price on 26 Oct is $5.30 giving me a gain of $23,300 or 13.4% over my cost. 

My last review of this stock was on 24 Aug when the price was at $4.22. At that time, the price dropped due to the release of the financial results for the first half of 2021. 

I analyzed the stock using the latest financial figures and concluded that the stock was much under valued. My analysis is shown here

I gave the financial indicators and the reasons why I was confident about this stock.

My analysis turned out to be correct. The stock increased by 25% over the past two months.

The main catalyst was that the company decided to buy back their stock at the depressed price. They also know that the stock price was much undervalued. 

In the previous analysis, I gave my estimate of the fair value of the stock to be between $5.58 and $7.42. 

The price is now approaching $5.58. I may sell some of the shares when it passed this point. However, I will keep the remainder of the shares when it approaches the upper limit. 

I expect the financial results for the full year 2021 to be positive. It is expected to be released in early March 2022.

I continue to be positive towards this stock. It is earning a rental income of about 8% on its assets and gives a dividend of about 5%. The book value is about $14, while the share price is about 5% only.

Note - this is my personal observation. It is not investment advice.