2024-06-22 03:20:08 ET
Summary
- Hongkong Land remains a Buy with potential portfolio optimization moves and the improved outlook for Hong Kong's office property market.
- HKHGF could engage in a number of value-accretive portfolio optimization moves, such as rejuvenating its Landmark Atrium retail asset.
- The demand-supply dynamics for the Hong Kong office property market have become better, taking into consideration industry statistics, relevant news flow, and the company's recent operating metrics.
Elevator Pitch
My rating for Hongkong Land Holdings Limited ( HKHGF ) ( HNGKY ) [H78:SP] stays as a Buy. Earlier, I wrote about the company's new CEO and its share buybacks in my January 1, 2024 update ....
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Hongkong Land: Consider Portfolio Optimization And Office Property Market Outlook