Investors in Hongkong Land (SGX: H78), or HKL, are going through a tough time. Shares of the property developer have hit a multi-year low of S$3.06 recently and have declined by 26.9% in the past year. The bearishness stems from troubles in Hong Kong and China amid a property downturn. However, the blue-chip property group is holding its own with its portfolio of high-quality properties even as it grapples with weak sentiment. Could investors see a rebound in its share price anytime soon? Revenue and profits are under pressure HKL released a resilient set of results for 2023 despite facing headwinds. The group did, however, see year-on-year declines in its revenue and net profit. For 2023, revenue fell by 17.8% year on year to US$1.8 billion as HKL saw lower sales of development properties in China along with reduced profit margins. The property giant also booked a US$1.3 billion fair value loss on its investment properties, resulting in the group...