The Straits Times Index (STI) is a widely-followed stock market index in Singapore.
During normal market conditions, many market watchers would expect companies that are part of the index (also known as blue chips) to be trading at a fair or expensive valuation.
However, that does not always happen.
Sometimes, a Straits Times Index component can trade at a low valuation for various reasons.
One such company right now is Hongkong Land Holdings Limited (SGX: H78), even though it has a great business going for it.
TL;DR: Is Hongkong Land A Stock Worth Considering For Your Portfolio?Investors might like Hongkong Land for its:
Quality properties located in strategic locations Strong financial track record with net asset value growing at around 9% per year from 2014 to 2018 Consistently growing dividendsHowever, they also need to recognise the short-term risks involved in Hong Kong given the current situation.
Quality...
