Year. 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. 40 rent so assessed would remain unchanged throughout the renewal term unless and until the land … Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Therefore, Hongkong Land Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4. SGX:H78 has been removed from your Stock Email Alerts list. (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. All numbers are indicated in the company's associated stock exchange currency. The Group's Central Hong Kong … Hongkong Land is currently trading at a price of US$5.51, which is a 56% discount to CNAV1 per share. * All numbers are in millions except for per share data and ratio. Land prices in Hong Kong soared 30% in the last 5 years, according to Collier's Jeong. A Look At The Intrinsic Value Of Evergrande Property Services Group Limited (HKG:6666) By Simply Wall St Published March 02, 2021. 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. Its properties attract the world's foremost companies and luxury brands. However, a tumble from this top position to a more average rate in that list seems thinkable, considering all the developments we discussed earlier. 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) … During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hongkong Land Holdings was 1.35. Warning! Hong Kong; Real Estate; SEHK:6666. This value addition has been confirmed by several researches. Leases for land … Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. SGX:H78 has been successfully added to your Stock Email Alerts list. 40 of the Laws of Hong Kong), came into operation. (H78) Stock quotes provided by InterActive Data. Weightings from 0% to 100% to more than 100% are possible. * The bar in red indicates where Hongkong Land Holdings's Intrinsic Value: Projected FCF falls into. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. 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. Please call Hong Kong Homes at +852 2866 0130. Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. 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. transactions by means of Accommodation Value ('AV') has been widely used in Hong Kong. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Hongkong Land Holdings's Intrinsic Value: Projected FCF for today is calculated as, Hongkong Land Holdings (OTCPK:HNGKY) Intrinsic Value: Projected FCF Explanation. In depth view into SGX:H78 Intrinsic Value: Projected FCF explanation, calculation, historical data and more Hongkong Land is a major listed property investment, management and development group. Click here to check it out. Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average). All Rights Reserved. Sorry. The growth multiple is capped between 8.35 and 17.74. Hong Kong Property Review This is an annual publication reviewing the state of property market in the previous calendar year. Property in Hong Kong is among the most expensive in the world. Looking to find short term or long term lease, rent a flat, buy a flat or list property in Hong Kong? This may be on a cleared site basis ('CSV') or reflective of a site requiring clearance. © 2004-2021 GuruFocus.com, LLC. Please enter Portfolio Name for new portfolio. Hongkong Land’s properties are mainly in Hong Kong, with some percentage of properties in Singapore and other parts of Southeast Asia. In depth view into Hongkong Land Holdings Intrinsic Value: Projected FCF explanation, calculation, historical data and more Stock quotes provided by InterActive Data. This feature is only available for Premium Members, please sign up for. GuruFocus has detected 4 Severe Warning Signs with SGX:H78. This value addition has been confirmed by several researches. The details of how we calculate the intrinsic value of stocks are described in detail here. These may include, among others, advice on loan security, acquisition, sale, valuation of options, capital taxes, planning purposes and appraisals. For 2020 as a whole, GDP decreased by 6.1% in real terms from 2019. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. 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. The net difference between the two years amounts to around US$2.3 billion, accounting for essentially all of that drastic 92% decline. Email. The stock price of Hongkong Land Holdings is $24.940000. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Tweet . 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. Disclosure: The author holds a long position on Hongkong Land. 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. Based on the unit root and co-integration tests, I found that there are no rational speculative For example, in Hong Kong, research indicates that housing Share. I don't believe that Hong Kong will become irrelevant over a short time-span, like for example Detroit in the 1970s. 10K. 80% was chosen as a happy median after taking the above ideas into consideration. Only PremiumPlus Member can access this feature. That directly translates into the prices paid by customers, she pointed out. You can manage your stock email alerts here. 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. 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. Some of their properties which you may be familiar with include Marina Bay Financial Centre, One Raffles Quay, and One Raffles Link. 68 Shares. Fundamental company data provided by Morningstar, updated daily. 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. 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 … Please enter Portfolio Name for new portfolio. Or will investors be catching a falling knife? Will Hong Kong Land be the unpolished diamond that is just waiting for its time to shine? Finally, on 14 December 1973, the Crown Leases Ordinance, now re-titled the Government Leases Ordinance (cap. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. 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. Focused on prime office, retail and residential developments, our diverse portfolio spans 18 cities in Asia. 2.1.3 Transactions of land with existing buildings erected will require further analysis. Note the high gap between Hong Kong and London, with London having some distance with number 3 itself. 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. Earn affiliate commissions by embedding GuruFocus Charts. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. AV is defined as the land value divided by the gross floor area which is allowed to be built on the land. 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. By using sample period data from 1993 to 2019, the empirical results show evidence of intrinsic bubbles. 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. 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