Copen Grand executive condominium (EC) in Tengah Town opened for e-application for second-time buyers from November 17 to 23. Sales booking commenced on the morning of November 26, and all the remaining 146 units were taken up before 1 pm. Transacted prices for the units sold range from $1.09 millio...

Property stocks have taken a beating and as the rate hike cycle reaches a plateau, all the bad news may already be discounted and reflected in the low share prices. Undoubtedly, the spate of interest rate hikes has raised costs for property stocks. Ho Bee Land’s interest expense rose 71% y-o-y to ...

BILLION DOLLAR CLUB: AUTOMOBILES & AUTO PARTS + TRANSPORTATION Jardine Cycle & Carriage (Jardine C&C) has emerged as the overall winner in this year’s Billion Dollar Club for the Automobiles & Auto Parts + Transportation sector. It came out tops for two of the t...

PROPERTY group Hongkong Land Holdings (HKLH) is at around the half-way mark for the use of its share-buyback mandate, but the stock is nowhere near improving its valuations. It may be time for a change of tactics.

PROPERTY group Hongkong Land Holdings (HKLH) is at around the half-way mark for the use of its share-buyback mandate, but the stock is nowhere near improving its valuations. It may be time for a change of tactics.

At 14,836, the Hang Seng Index is at a 14 year low. The index hasn't visited levels below 15,000 since the gobal financial crisis. Short-term RSI at 26 is at the low end of its range. At present there is still no positive divergences between RSI and index, or quarterly momentum and index. ADX is at ...

Jefferies has rung the alarm bell on China’s property sector. Yes, we are familiar with the bond collapse but this is different. The bond collapse is the result of developers taking on too much US dollar debt, while revenues are in the renminbi.The Jefferies Oct 17 report points out something we a...

City Developments Price target: DBS Group Research ‘buy’ $10.50 Potential to unlock hidden value DBS Group Research analysts Rachel Tan and Derek Tan have maintained their “buy” call on City Developments (CDL) with a target price of $10.50 as they believe that its potential to unlock hidden...

Cheng Hsing Yao, the soft-spoken CEO of GuocoLand, was somewhat hesitant when asked if the most recent cooling measures are likely to impact his business the morning after they were announced.“We are not dealing with the affordability issue. We are dealing with the affluent part of the population....

SHARES of property company Hongkong Land gained 7.2 per cent as business performance for the first half of the year improved, with its H1 earnings reversing back into profit.

SHARES of property company HongKong Land gained 7.2 per cent as business performance for the first half of the year improved, with its H1 earnings reversing back into profit.

THE following companies saw new developments that may affect trading of their securities on Friday (Jul 29):

Hongkong Land has reversed to profitability with earnings of US$292 million ($405.0 million) for the 1HFY2022 ended June, compared to the HK$865 million loss seen in the same period the year before.During the period, underlying profit attributable to shareholders increased by 8% y-o-y to US$425 mill...

HONGKONG Land on Thursday (Jul 28) reported an 8 per cent rise in 1H 2022 underlying net profit to US$425 million from US$394 million a year ago.

Hwa Hong Corp announced on July 26 that the current Ong directors and their immediate family, who own 29.26% of Hwa Hong’s shares, intend to accept Sanjuro United’s offer of 40 cents per share by the final closing date of the offer on Aug 1.Sanjuro United comprises of a consortium of four partie...