HONGKONG LAND HOLDINGS LIMITED (H78.SI) General HONGKONG LAND HOLDINGS LIMITED (H78.SI) Share Price HONGKONG LAND HOLDINGS LIMITED (H78.SI) Target Price HONGKONG LAND HOLDINGS LIMITED (H78.SI) Analysts Say HONGKONG LAND HOLDINGS LIMITED (H78.SI) Corporate Actions HONGKONG LAND HOLDINGS LIMITED (H78.SI) Announcements HONGKONG LAND HOLDINGS … * All numbers are in millions except for per share data and ratio. For example, in Hong Kong, research indicates that housing Hong Kong’s Core Values What makes Hong Kong distinctive, memorable and instantly identifiable is the personality reflected in the city brand, defined by its core values. Only PremiumPlus Member can access this feature. Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. Past performance is a poor indicator of future performance. Loan Ratio % Loan Years. Hongkong Land is currently trading at a price of US$5.51, which is a 56% discount to CNAV1 per share. Float Percentage Of Total Shares Outstanding, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Earn affiliate commissions by embedding GuruFocus Charts. Hong Kong Property Review This is an annual publication reviewing the state of property market in the previous calendar year. Earn affiliate commissions by embedding GuruFocus Charts. Housing Index in Hong Kong averaged 88.08 points from 1994 until 2021, reaching an all time high of 185.31 points in August of 2018 and a record low of 31.34 points in May of 2003. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. These may include, among others, advice on loan security, acquisition, sale, valuation of options, capital taxes, planning purposes and appraisals. Click here to check it out. Share 68. Founded in 1889, Hongkong Land's business is built on excellence, integrity and partnership. All Rights Reserved. The growth multiple is capped between 8.35 and 17.74. Therefore, Hongkong Land Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4. GuruFocus has detected 4 Severe Warning Signs with OTCPK:HNGKY. View and export this data going back to 2010. * The bar in red indicates where Hongkong Land Holdings's Intrinsic Value: Projected FCF falls into. This value addition has been confirmed by several researches. © 2004-2021 GuruFocus.com, LLC. Source: Annual Reports of Hongkong Land. In that aspect, Hongkong Land does present a deep value proposition. The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$1.7b. The Ordinance provided that for the renewal term, a leaseholder should pay an annual rent equivalent to 3% of the rateable value of the land at the date of renewal of the lease. About Hongkong Land Corporate Profile Our Philosophy. Note the high gap between Hong Kong and London, with London having some distance with number 3 itself. (H78) The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The details of how we calculate the intrinsic value of stocks are described in detail here. Taking a step back to see the bigger picture, Hongkong Land’s commercial properties in Hong Kong made up 71% of its total assets, not small change! The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Overall, Hongkong Land’s portfolio of properties in Hong Kong had: Achieved CAGR of 5.0% in Gross Revenue, up from US$ 646 million in 2008 to US$ 998 million in 2017. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. © 2004-2021 GuruFocus.com, LLC. Only PremiumPlus Member can access this feature. Looking to find short term or long term lease, rent a flat, buy a flat or list property in Hong Kong? AV is defined as the land value divided by the gross floor area which is allowed to be built on the land. transactions by means of Accommodation Value ('AV') has been widely used in Hong Kong. This may be on a cleared site basis ('CSV') or reflective of a site requiring clearance. Wo ist Hongkong? Sorry. 40 of the Laws of Hong Kong), came into operation. In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason): Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average). Tweet . LAND VALUE CAPTURE MECHANISM Land value capture mechanisms follow the basic logic that enhanced accessibility to attractive and efficient transport systems adds value to land and real estate. A valuation of property that is considered to be suitable for development, or redevelopment, may be required for many reasons. 10K. Sorry. During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hongkong Land Holdings was 1.35. The Group owns and manages more than 850,000 sq. Will Hong Kong Land be the unpolished diamond that is just waiting for its time to shine? All numbers are indicated in the company's associated stock exchange currency. The net difference between the two years amounts to around US$2.3 billion, accounting for essentially all of that drastic 92% decline. Only time will tell. Add all the Free Cash Flow together and divide 6 will get Hongkong Land Holdings's Free Cash Flow(6 year avg) = $71.31. Weightings from 0% to 100% to more than 100% are possible. Please enter Portfolio Name for new portfolio. A Look At The Intrinsic Value Of Evergrande Property Services Group Limited (HKG:6666) By Simply Wall St Published March 02, 2021. OTCPK:HNGKY has been removed from your Stock Email Alerts list. It’s been a stock that I’ve been following for a while, and one that I’ve been very interested in, for the very simply reason that its valuation is dirt cheap. La … Land prices in Hong Kong soared 30% in the last 5 years, according to Collier's Jeong. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Hongkong Land is a major listed property investment, management and development group. Free Hong Kong is an open society which values economic and social freedoms. Or will investors be catching a falling knife? Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Please enter Portfolio Name for new portfolio. The above rental or sale information is provided by the hong kong property agency Landscope Real Estate Services Ltd or its sister companies, a premier real estate agent specializing in realty, residential property for rent and sale in Hong Kong. Interest % Mortgage Cal New Properties in Hong Kong Uptify The Henley I The Arles St. Michel Grand Victoria III The Queens The Met.Azure One Soho Grand Victoria I Prince Central South Land Grande Monaco Mount Anderson 10 La Salle Skypoint Royale LP10 Silversands 77/79 Peak Road Monaco Phase 1B of The Campton 21 Borrett Road Phase 1 Mt. And the median was 0.59. In the early days, leases were for terms of 75, 99 or 999 years, subsequently standardised in the urban areas of Hong Kong Island and Kowloon to a term of 75 years, renewable at a re-assessed annual rent under the provisions of the old Crown Leases Ordinance. Leases for land … That directly translates into the prices paid by customers, she pointed out. (I) Land Tenure System and Land Policy in Hong Kong Virtually all land in Hong Kong is leased or otherwise held from the Government of the HKSAR. CIT is an equities research platform that provide research information for investors to construct their portfolio for long term investment. I recently added HongKong Land to the FH Stock Watch. Hongkong Land Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as. Hong Kong’s economy contracted by 3.0% year-on-year in real terms in the fourth quarter of 2020, after a fall of 3.6% (year-on-year) in the preceding quarter. It holds prime real estate in the CBD of Hong Kong and Singapore, and is trading at 0.33x book value. Email. LP. Genting Hong Kong Intrinsic Value: Projected FCF as of today (April 04, 2021) is HK$-7.25. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Past performance is a poor indicator of future performance. Hongkong Land Holdings's Intrinsic Value: Projected FCF for today is calculated as, Hongkong Land Holdings  (OTCPK:HNGKY) Intrinsic Value: Projected FCF Explanation. For 2020 as a whole, GDP decreased by 6.1% in real terms from 2019. Valuation of Development Land, Hong Kong, 1st edition. In 2019, the property developer gave back US$912 million in valuation losses. Stock quotes provided by InterActive Data. This feature is only available for Premium Members, please sign up for, Hongkong Land Holdings Ltd rateable values of properties contained in the Valuation Lists and/or Government Rent Rolls for the latest three years of assessment; and ; rates and/or Government rent accounts. 80% was chosen as a happy median after taking the above ideas into consideration. In depth view into SGX:H78 Intrinsic Value: Projected FCF explanation, calculation, historical data and more Click here to check it out. Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. Enterprising HNGKY Intrinsic Value: Projected FCF as of today (February 23, 2021) is $79.41. LAND VALUE CAPTURE MECHANISM Land value capture mechanisms follow the basic logic that enhanced accessibility to attractive and efficient transport systems adds value to land and real estate. However, a tumble from this top position to a more average rate in that list seems thinkable, considering all the developments we discussed earlier. Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average). 40 rent so assessed would remain unchanged throughout the renewal term unless and until the land … Property Value. Stock quotes provided by InterActive Data. In depth view into HKSE:00678 Intrinsic Value: Projected FCF explanation, calculation, historical data and more Some of their properties which you may be familiar with include Marina Bay Financial Centre, One Raffles Quay, and One Raffles Link. Fundamental company data provided by Morningstar, updated daily. As of today (2021-04-11), Hongkong Land Holdings's Intrinsic Value: Projected FCF is $62.32. Hongkong Land Holdings Intrinsic Value: Projected FCF as of today (April 05, 2021) is $12.53. Warning! In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Its properties attract the world's foremost companies and luxury brands. OTCPK:HNGKY has been successfully added to your Stock Email Alerts list. SGX:H78 has been successfully added to your Stock Email Alerts list. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. This value addition has been confirmed by several researches. Hong Kong ist eine der einzigartigen Städte einen Besuch Wert Insel mit Kowloon, Hong Kong Island, mit seiner einzigartigen Kultur und Essen, Tempel und historische Bauten. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Beyond Hong Kong, Silly Inc has made a maiden investment in AT&T and might invest further if the price is right, so it is very unlikely that SillyInc can be a pure local player Some of the Hong Kong Counters vested1) Lonking 33392) HSBC 00053) SinoPec 03864) GA pack 04685) Cosco Ship Int 0517Those in watchlist include1) APT Satellite 10452) Stella Holding18363) Ping An Insurance 23184) … By using sample period data from 1993 to 2019, the empirical results show evidence of intrinsic bubbles. Based on the unit root and co-integration tests, I found that there are no rational speculative More Details 2.1.3 Transactions of land with existing buildings erected will require further analysis. Warning! Hongkong ist bekannt als eine der bevölkerungsreichsten Städte des asiatischen Kontinents mit einer Bevölkerung von mehr als 7 Millionen. The Group's Central Hong Kong … This feature is only available for Premium Members, please sign up for. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong, Singapore, Beijing and Jakarta. Year. The lowest was 0.33. The details of how we calculate the intrinsic value of stocks are described in detail here. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. In 2018, Hongkong Land recorded a US$1.4 billion gain from revaluation. Hongkong Land’s properties are mainly in Hong Kong, with some percentage of properties in Singapore and other parts of Southeast Asia. GuruFocus has detected 4 Severe Warning Signs with SGX:H78. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Property in Hong Kong is among the most expensive in the world. Disclosure: The author holds a long position on Hongkong Land. From its 1889 origins in Hong Kong, Hongkong Land has continued to pursue opportunities across Asia, building developments and properties that breathe life into the communities and commerce of dynamic cities. I don't believe that Hong Kong will become irrelevant over a short time-span, like for example Detroit in the 1970s. Finally, on 14 December 1973, the Crown Leases Ordinance, now re-titled the Government Leases Ordinance (cap. Barring some minor rounding differences, our calculated CNAV1 is the same as the figure automatically calculated if you employ our proprietary platform, as shown above. In depth view into Hongkong Land Holdings Intrinsic Value: Projected FCF explanation, calculation, historical data and more The Cap. Fundamental company data provided by Morningstar, updated daily. is traded in. 68 Shares. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. WhatsApp. Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Hong Kong; Real Estate; SEHK:6666. SGX:H78 has been removed from your Stock Email Alerts list. Please click here (pdf) to access the leaflet of Property Information Online. The stock price of Hongkong Land Holdings is $24.940000. As of today (2020-12-22), Hongkong Land Holdings's share price is $4.020000.Hongkong Land Holdings's Book Value per Share for the fiscal year that ended in Dec. 2019 was $16.39.Hence, Hongkong Land Holdings's P/B Ratio of today is 0.25. You can manage your stock email alerts here. This study uses the intrinsic bubbles detection method to identify housing bubbles in the Hong Kong residential property market. You can manage your stock email alerts here. These values can be described in the words Free, Enterprising, Excellence, Innovative and Quality Living. All Rights Reserved. This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity. Focused on prime office, retail and residential developments, our diverse portfolio spans 18 cities in Asia. Share. Out of the Hongkong Land’s Investment Properties value of US$27.7 billion in 2016, its commercial properties in Hong Kong made up US$26.1 billion, or 94% of its investment properties. Housing Index in Hong Kong decreased to 173.67 points in January from 174.11 points in December of 2020. source: Centaline Property Agency Ltd., Hong Kong. In addition, the Hong Kong Monetary Authority (HKMA) imposed new restrictions on bank lending to property developers in May 2017, restricting loans to property developers a maximum 40% of a site’s value, replacing the earlier limit of 50%. Please call Hong Kong Homes at +852 2866 0130. Achieved a CAGR of 9.9% in its Property Valuation, up from US$ 13.1 billion in 2008 to US$ 30.6 billion in 2017.