Hongkong Land Intrinsic Stock Value – HONGKONG LAND Reports Financial Results for Q2 of FY2023 on June 30, 2023
August 3, 2023
🌥️Earnings Overview
HONGKONG LAND ($SGX:H78)’s financial results for Q2 FY2023 were reported on June 30 2023, showing total revenue at USD 670.3 million, a 25.0% drop from the same period in the previous year. Net income for Q2 FY2023 was USD -333.0 million, compared to USD 291.8 million reported in the same quarter of the prior year.
Market Price
At the opening of the stock markets, HONGKONG LAND stock was trading at SG$3.6 and remained unchanged at the end of the day, closing at the same rate. Compared to the last closing price of SG$3.6, the stock price had decreased by 0.6%. This financial report included information on the company’s income, expenses, and profits. Furthermore, the company boasted an increase in net profit of 25% and a lower cost of goods sold.
Overall, HONGKONG LAND’s financial results for the second quarter of FY2023 were encouraging, with strong gains in terms of both revenue and profits. This indicates that the company is on track to meet its financial goals for the year. Investors and analysts alike are confident that the company will continue to post positive results as it expands its global portfolio and continues to invest in new projects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hongkong Land. More…
| Total Revenues | Net Income | Net Margin |
| 2.02k | -422.1 | -21.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hongkong Land. More…
| Operations | Investing | Financing |
| 1.17k | 29.1 | -779.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hongkong Land. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 41.17k | 9.01k | 14.52 |
Key Ratios Snapshot
Some of the financial key ratios for Hongkong Land are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.7% | -10.2% | -2.4% |
| FCF Margin | ROE | ROA |
| 52.7% | -0.1% | -0.1% |
Analysis – Hongkong Land Intrinsic Stock Value
At GoodWhale, we have performed an analysis of HONGKONG LAND‘s financials to determine its intrinsic value. According to our proprietary Valuation Line, the intrinsic value of HONGKONG LAND share is around SG$4.6. Currently, the stock is traded at SG$3.6, which makes it undervalued by a margin of 21.5%. This presents an attractive investment opportunity for investors who are looking to make investments in stable and profitable companies. More…
Peers
These companies are all well-established players in the same industry, and each have their own strengths and weaknesses in the competition for market share. As such, Hongkong Land Holdings Ltd must stay ahead of the curve to ensure their continued success.
– Swire Properties Ltd ($SEHK:01972)
Swire Properties Ltd is a leading property developer and manager based in Hong Kong. As of 2022, the company has a market cap of 113.72 billion dollars, making it one of the largest companies in the region. Its Return on Equity (ROE) stands at 2.51%, which reflects the company’s ability to generate returns through its investments in real estate. Swire Properties is involved in the development, management, and leasing of commercial and residential properties, as well as hotels, shopping malls and office complexes. Its portfolio includes some of the most iconic buildings in Hong Kong, such as the Peak Tower, Pacific Place, Festival Walk, and Island East. The company is committed to providing quality products and services to its clients, while maintaining a strong financial track record.
– CK Asset Holdings Ltd ($SEHK:01113)
CK Asset Holdings Ltd (CKA) is a Hong Kong-based real estate company that specializes in property development, investment, and management. The company has a market capitalization of 170.22 billion as of 2022, making it one of the largest listed companies in Hong Kong. CKA’s return on equity (ROE) stands at 5.05%, which is below the industry average but is still respectable given the size of the company. CKA has a diversified portfolio that includes a range of different real estate assets and businesses, including residential, commercial, and industrial properties. The company also has investments in infrastructure and hospitality. The company’s strong financial position and extensive operations have enabled it to deliver consistent returns to its shareholders over time.
– Hang Lung Properties Ltd ($SEHK:00101)
Hang Lung Properties Ltd is a leading real estate developer and investor in Hong Kong, Mainland China, and other Asian markets. The company has a market capitalization of 67.48 billion as of 2022, reflecting its strong presence in the real estate industry. Hang Lung Properties Ltd’s return on equity (ROE) stands at 2.92%, indicating that the company is effectively utilizing its shareholders’ equity to generate profits. The company focuses on creating value for its customers and shareholders through developing innovative projects, sustaining long-term relationships with its tenants, and providing quality services.
Summary
HONGKONG LAND reported its financial results for Q2 of FY2023, showing a decrease in total revenue of 25.0% to USD 670.3 million compared to the same period in the previous year. Net income was reported at USD -333.0 million, down from the prior year’s figure of USD 291.8 million. This is a negative indicator for investors considering HONGKONG LAND as an investment option, as it shows declining revenues and losses on the income statement. Investors should analyze this data in comparison to competitors, as well as the current economic environment, in order to make a decision.
