Shares & Derivatives
Hong Kong Land Limited Dividend Yield of 6.43% and around 75% Discount to NAV- Why I am Staying Away From It.
By Investment Income for Life  •  October 16, 2023
I was watching Master Leong You-Tube channel yesterday and Hong Kong Land ("HKL") was being mentioned due to its high dividend yield (around 6.43%) and a close to 75% discount to its NAV where the latter provides a relatively super high margin of safety for those who are going to invest in it. HKL is not a "stranger" to me as during the COVID crisis, I have purchased around 4,000 units then in late 2019 at around US$5.50 per share and then sold it a month later at around the same price to re-deploy the funds due to my bad feel on the development then in light of the Hong Kong protests. To cut it short, HKL market prices has plummeted -50% from US$7+ per share in early 2019, to the current US$3.42 per share as at 15 October 2023- note that this is also after the massive US$600Mil share-buy back programme executed by the management team. Hence this is not exactly a good investment after...
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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