Hang Lung Properties / Group - good Buy near $14, $20?

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HK10 is still lagging... Getting relatively Cheaper & cheaper

HK101 vs Hk10 ... since 2017: 2018: 10d / 07/07/20: $19.02: $19.80: (0.78): r-96.1%

: 10d /

Date----- : Hk10-: HK101: $Gap : Ratio-- / HK2823: ratio%/ HK.10: Hk101: gap-: R.Yields:
BookVal. : $65.45: $30.73: NMF-: r-213.% /======== New: $1.08 : $0.93 : $0.15: r116.%
Earns/sh.: $ 3.88 : $ 1.80 : $2.08: r-216.%  /
08/24/20: $19.48: $21.75: (2.27): r-89.6%/ $16.86: r-116.%/ 5.54% 4.23% +1.31% r131.0%
07/31/20: $18.74: $19.02: (0.28): r-98.5%/ $16.40: r-114.%/ 5.76% 4.89% +0.87% r117.8%
06/30/20: $18.02: $18.36: (0.34): r-98.1%/ $14.66: r-123.%/ 5.99% 5.06% +0.93% r118.4%:
5/5-exDv: $16.22: $15.60: $0.62: r104.0%/ $13.52: r-120.%/ 6.66% 5.96% (0.70%) r111.7%:
04/30/20: $17.60: $16.62: $0.98: r105.9%/ $13.94: r-126.%/ 6.14% 5.60% (0.54%) r109.6%:
03/31/20: $16.34: $15.74: $0.60: r103.8%/ $13.16: r-124.%/ 6.60% 5.91% (0.69%) r111.6%:/
01/20/20: $20.95: $19.24: $1.71: r108.9%/ $15.62: r-134.%/ 5.16% 4.83% (0.33%) r111.4%::
BookVal. : $65.45: $30.73:  NMF-: r213.% /========= Old : $0.80 : $0.75 : $0.05: r107.%
12/31/19: $19.26: $17.10: $2.16: r112.6%/ $15.32: r-126.%/ 4.15% 4.39%: 0.24%: r-94.5%:

[drbubb 0]

PULLBACK to 144d MA (about $18)... then maybe higher

HK10 ... update / last:  $18.36 +0.16

[drbubb 0]

RECORD relative strength in HK101 vs HK10 ... 10yr: 2018: 10d / Below 90%, Wow!

Date----- : Hk10-: HK101: $Gap : Ratio-- / HK2823: ratio%/ HK.10: Hk101: gap-: R.Yields:
BookVal. : $65.45: $30.73: NMF-: r-213.% /======== New: $1.08 : $0.93 : $0.15: r116.%
Earns/sh.: $ 3.88 : $ 1.80 : $2.08: r-216.%  /
08/24/20: $19.48: $21.75: (2.27): r-89.6%/ $16.86: r-116.%/ 5.54% 4.23% +1.31% r131.0%
07/31/20: $18.74: $19.02: (0.28): r-98.5%/ $16.40: r-114.%/ 5.76% 4.89% +0.87% r117.8%
06/30/20: $18.02: $18.36: (0.34): r-98.1%/ $14.66: r-123.%/ 5.99% 5.06% +0.93% r118.4%:

[drbubb 0]

Some Catch-up Today...

HK10: $20.20 +$0.60 / HK101: $22.05 -$0.05 = r 91.6% from r 88.7%

HK10: 5yr: 1yr: 10d/ HK101: 5yr: 1yr: 10d/ Both: 5yr: 1yr: 10d/

Both: 5yr: 1yr: 10d/

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Update: HSI: 23,981, HK10: 18.24, Hk101: 20.40

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UPDATE: hk10: xx / hk101: xx

===

 

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HK101 vs HK10 ... 10yr: 2018: 10d / hk10 recently gaining on hk101

Date----- : Hk10-: HK101: $Gap : Ratio-- / HK2823: ratio%/ HK.10: Hk101: gap-: R.Yields:
BookVal. : $65.45: $30.73: NMF-: r-213.% /======== New: $1.08 : $0.93 : $0.15: r116.%
Earns/sh.: $ 3.88 : $ 1.80 : $2.08: r-216.%  /-216.% /
11/30/20: $19.48: $19.22: $0.26: r-101.% /$19.13: r-102.%/ 5.54%  4.84% +0.70& r114.4%
11/11/20: $20.00: $21.00: (1.00): r-95.2%/$18.70: r-107.%/ 5.40% 4.42% +0.98% r122.2%
10/30/20: $17.16: $18.82: (1.75): r-91.2%/ $17.67: r-97.1%/ 6.29% 4.94% +1.35% r127.3%
09/30/20: $17.62: $19.58: (2.16): r-90.0%/ $16.79: r-105.%/6.13% 4.75% +1.38% r129.1%
08/31/20: $20.00: $21.85: (1.85): r-91.5%/ $17.10: r-117.%/ 5.40% 4.26% +1.14% r126.8%
07/31/20: $18.74: $19.02: (0.28): r-98.5%/ $16.40: r-114.%/ 5.76% 4.89% +0.87% r117.8%
06/30/20: $18.02: $18.36: (0.34): r-98.1%/ $14.66: r-123.%/ 5.99% 5.06% +0.93% r118.4%:

[drbubb 0]

HK10 is very cheap still

HK10-etc... from 2016: w/CK: 2018: 2020: YTD w/CK: 10d / Last: xx, hk101:x, hk2823: x, hk1113: x

: 2016 w/CK: YTD

COMPARE:

Date----- : Hk10-: HK101: $Gap : Ratio-- / HK2823: hk1113: ratio%/ HK.10: Hk101: gap-:
BookVal. : $65.45: $30.73: NMF-: r-213.% /======== New: $1.08 : $0.93 : $0.15: r116.%
Earns/sh.: $ 3.88 : $ 1.80 : $2.08: r-216.%  /-216.% /
Date----- : Hk10-: HK101: $Gap : -Ratio- / H2823: h1113: ratio%/ HK.10: Hk101: h1113:
BookVal. : $65.45: $30.73: NMF-: r-213.% /==============> Est.: $ 0.82 : $ 0.76 : $ 1.92:
Earns/sh.: $ 1.11  : $ 0.21 : $0.90: r-529.%  / -N/A-: $ 5.51 /
YrEnd-'20:$19.28 : $20.45: (1.17) r-94.3% /$19.98: $39.80: 195.% /  4.25%:  3.72%:  4.82%:
YrEnd-’19:$19.26 : $17.10: $2.16 r-113.%  /$15.32: $56.25: 328.% /  4.15%:  4.39%:
YrEnd-'18: $19.94: $14.92: $4.02 r-134.% /$11.40: $57.30: 384.%  /
YrEnd-'16: $27.00: $16.44: 10.56 r-164.% /$10.54: $47.55: 289.%  /

 

[drbubb 0]

HK10 ($20.00 -0.20):  is now above HK101 ($19.80); HH2823 at $21.18

Update : 10d/

[drbubb 0]

 

Plaza 66 Shanghai Sees Yearly Sales Surge 60%

 

 

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SHANGHAI–For high-rolling shoppers looking to drop some serious cash in this town, nothing quite compares to Plaza 66. While SKP dominates in Beijing, Plaza 66 has for years retained its edge as the leader of luxury in Shanghai.

Other malls like HKRI Taikoo Hui and IFC also figure as important luxury retail spots, but offer a greater mix of more accessible brands, lifestyle and dining. As a result, Plaza 66 has been one of the biggest beneficiaries of the repatriated luxury spend to China. On Thursday, that point was brought home when its owner Hang Lung Group reported that the mall’s retail takings surged by 60 percent for the year ended Dec. 31, as the mall’s rental revenue also climbed by 34 percent against 2019 levels.

That far outpaces the wider consumer recovery in China. Government data released last week showed that overall consumer sales in the nation actually contracted 3.9 percent, although in the fourth quarter it rose 4.6 percent year-over-year.

Hang Lung noted that the strong rebound began in April across their portfolio in greater China with “retail sales growth at malls with higher luxury content in the second half of 2020 more than compensated for the sales drop during the initial outbreak.”

“As a result, Plaza 66 and Grand Gateway 66 in Shanghai, Forum 66 in Shenyang and Center 66 in Wuxi recorded retail sales growth ranging from 9 to 72 percent against a year ago,” it said.

Grand Gateway, another Hang Lung property in Shanghai that’s positioned more affordably, saw a milder but still significant retail sales increase of 10 percent year-over-year. In general, the lower positioned the mall, the slower the recovery.

The company said of their lifestyle malls–namely Palace 66 in Shenyang, Parc 66 in Jinan, Riverside 66 in Tianjin and Olympia 66 in Dalian–that the recovery was “gradual”, caused by weaker spending in the non-luxury sector.