A long-awaited strategy update
First, let’s dig into the various aspects of the group’s strategy update. The conclusions were obtained after rigorous interviews with more than 50 tenants and investors along with around 10 sector experts. All board members were also interviewed...The list of companies announcing strategic reviews just got a little longer.
Hongkong Land Holdings (SGX: H78), or HKL, is the latest company to announce its strategic review.
The blue-chip property giant saw its share price soar 15% after this announcement.
The purpose of strategic reviews is to review the company’s structure and decide on how to transform the business to maximise shareholder value.
For instance, Singapore Post (SGX: S08) unveiled its strategic review back in March this year while Singtel (SGX: Z74) provided a recent update of its strategic review which was announced back in 2021.
HKL continues this trend.
With shares hovering close to their 52-week high of US$4.67, is HKL still a screaming buy?
