The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Finally, on 14 December 1973, the Crown Leases Ordinance, now re-titled the Government Leases Ordinance (cap. 40 of the Laws of Hong Kong), came into operation. SGX:H78 has been successfully added to your Stock Email Alerts list. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Warning! La … Email. This value addition has been confirmed by several researches. However, a tumble from this top position to a more average rate in that list seems thinkable, considering all the developments we discussed earlier. As of today (2021-04-11), Hongkong Land Holdings's Intrinsic Value: Projected FCF is $62.32. Hongkong Land’s properties are mainly in Hong Kong, with some percentage of properties in Singapore and other parts of Southeast Asia. Some of their properties which you may be familiar with include Marina Bay Financial Centre, One Raffles Quay, and One Raffles Link. Please enter Portfolio Name for new portfolio. 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. 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. The growth multiple is capped between 8.35 and 17.74. 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 … 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. Earn affiliate commissions by embedding GuruFocus Charts. (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. 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. Please enter Portfolio Name for new portfolio. WhatsApp. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. 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. Hongkong ist bekannt als eine der bevölkerungsreichsten Städte des asiatischen Kontinents mit einer Bevölkerung von mehr als 7 Millionen. Fundamental company data provided by Morningstar, updated daily. GuruFocus has detected 4 Severe Warning Signs with SGX:H78. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. And the median was 0.59. Click here to check it out. This may be on a cleared site basis ('CSV') or reflective of a site requiring clearance. Enterprising 10K. About Hongkong Land Corporate Profile Our Philosophy. These may include, among others, advice on loan security, acquisition, sale, valuation of options, capital taxes, planning purposes and appraisals. 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. All numbers are indicated in the company's associated stock exchange currency. Loan Ratio % Loan Years. 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. The Group's Central Hong Kong … Only PremiumPlus Member can access this feature. Valuation of Development Land, Hong Kong, 1st edition. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. * The bar in red indicates where Hongkong Land Holdings's Intrinsic Value: Projected FCF falls into. Please click here (pdf) to access the leaflet of Property Information Online. By using sample period data from 1993 to 2019, the empirical results show evidence of intrinsic bubbles. Past performance is a poor indicator of future performance. In that aspect, Hongkong Land does present a deep value proposition. In 2019, the property developer gave back US$912 million in valuation losses. Please call Hong Kong Homes at +852 2866 0130. 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 study uses the intrinsic bubbles detection method to identify housing bubbles in the Hong Kong residential property market. 80% was chosen as a happy median after taking the above ideas into consideration. Will Hong Kong Land be the unpolished diamond that is just waiting for its time to shine? Looking to find short term or long term lease, rent a flat, buy a flat or list property in Hong Kong? OTCPK:HNGKY has been removed from your Stock Email Alerts list. Hongkong Land Holdings's Intrinsic Value: Projected FCF for today is calculated as, Hongkong Land Holdings  (OTCPK:HNGKY) Intrinsic Value: Projected FCF Explanation. 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). Hongkong Land is currently trading at a price of US$5.51, which is a 56% discount to CNAV1 per share. Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Therefore, Hongkong Land Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4. A Look At The Intrinsic Value Of Evergrande Property Services Group Limited (HKG:6666) By Simply Wall St Published March 02, 2021. Land prices in Hong Kong soared 30% in the last 5 years, according to Collier's Jeong. © 2004-2021 GuruFocus.com, LLC. Wo ist Hongkong? CIT is an equities research platform that provide research information for investors to construct their portfolio for long term investment. The lowest was 0.33. Source: Annual Reports of Hongkong Land. * All numbers are in millions except for per share data and ratio. This value addition has been confirmed by several researches. 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. In depth view into SGX:H78 Intrinsic Value: Projected FCF explanation, calculation, historical data and more I don't believe that Hong Kong will become irrelevant over a short time-span, like for example Detroit in the 1970s. Its properties attract the world's foremost companies and luxury brands. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The details of how we calculate the intrinsic value of stocks are described in detail here. Share. Click here to check it out. 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. Or will investors be catching a falling knife? © 2004-2021 GuruFocus.com, LLC. 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. The Cap. Past performance is a poor indicator of future performance. Leases for land … Weightings from 0% to 100% to more than 100% are possible. 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. OTCPK:HNGKY has been successfully added to your Stock Email Alerts list. AV is defined as the land value divided by the gross floor area which is allowed to be built on the land. 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. Warning! 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 details of how we calculate the intrinsic value of stocks are described in detail here. Genting Hong Kong Intrinsic Value: Projected FCF as of today (April 04, 2021) is HK$-7.25. 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. For example, in Hong Kong, research indicates that housing Stock quotes provided by InterActive Data. It holds prime real estate in the CBD of Hong Kong and Singapore, and is trading at 0.33x book value. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Hong Kong Property Review This is an annual publication reviewing the state of property market in the previous calendar year. More Details (H78) Stock quotes provided by InterActive Data. Based on the unit root and co-integration tests, I found that there are no rational speculative LP. You can manage your stock email alerts here. Hongkong Land Holdings Intrinsic Value: Projected FCF as of today (April 05, 2021) is $12.53. Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average). These values can be described in the words Free, Enterprising, Excellence, Innovative and Quality Living. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations.