I recently added HongKong Land to the FH Stock Watch. 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.
It holds prime real estate in the CBD of Hong Kong and Singapore, and is trading at 0.33x book value. Surely I’m missing something here, or this is the best buy of the decade?
Basics: What is HongKong Land?
HongKong Land is a property developer.
Think of something like Lendlease or CapitaLand or Mapletree, replace the Temasek with Jardine Holdings, remove the REITs platform and the private funds, and you get an idea of what Hong Kong Land is.