- Hongkong Land's 1H 2021 financial performance was decent; the company's underlying earnings increased by +12% YoY and it did not cut its interim dividend.
- Concerns about the company's core Hong Kong office property business seem overdone, considering its recent 1H 2021 results, management's remarks at the earnings call, and relevant news flow.
- The market values Hongkong Land at 0.31 times P/B, and the stock boasts a consensus forward FY 2021 dividend yield of 4.9%.
For further details see:
Hongkong Land: Interim Dividend Maintained Despite Challenging Times