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

[drbubb]

CONFIRMED?  LOWs in Place??  Low was end Oct. near $10

Finally, we have THIS Set-up...

HK10 - All: 2010: Ytd: 10d/ Last: $10.44. (Range: $9.90 to 15.34 ).   updated: 10.27

Since 2016: All: 2006: Ytd: $10.44/ Hsi: $17.38K = 60.1%, TLT: $84.37= 12.4%

===

HK10.($10.84) & HK101 ($10.20, 106.3%). from 7.1.2020: 3yr: Ytd: 10d:  updated: 12.30.22; wsj:

Weird to see the high correlation between HK2823. with Silver, but it is there !

HK10 versus SIL, AGQ. ... update: 10d

HangLung-etc vs.SLV ... Update : HK10: 14.34 / SLV: 22.02 = 65.1% at 12.30.22 (prev. 72.6% at 10.05.22)

HK101 vs.10, 2823 ... etc-YTD /  LOWS at <$13, <$14 for Hk2823: $12.62, $12.16, $13.52

HK10 ... All: 10yr: 5yr: 2yr: Ytd: Ytd-etc: 10d: 10d-etc./ $13.06 +0.46, +3.65%:

HK101. All: 10yr: 5yr: Ytd: 10d/ $13.38 +0.48, +3.72%  / HK2823: $14.59 +0.96, +7.04%

HK2823. All: 10yr: 5yr: 2yr: Ytd: 10d/ $14.59 +0.96, +7.04% Today!

Symbol: 9.20.22: PER : E.P.S.: Div. : Yield:
HK10.   :  $13.40,  7.24 : 1.850: 0.86: 6.42%
HK101   : $13.58, 17.06 : 0.796: 0.78: 5.74%
HK2823: $14.30,  N/A : Loss? : 0.23: 1.64%
======

Other: Update: HK10: $13.40, HK101: $13.58, HK:2823: $14.30

Weird to see the high correlation between HK2823. with Silver, but it is there

HangLung-etc vs.SLV ... Update : HK10: 13.06 / SLV: 17.99 = 72.6% at 10.05.22

[drbubb]

HLG > owns shs > HLP

HANG LUNG GRP  60.13%

: 2,705,565,240

> Mkt.sceener

: 2,706 Million. or 60.13 % as of Dec. 31, 2022,  chg. +35 M x $14= +HK$490M

: 2,671 Million. or 59.37 % as of Sep. 19, 2022

'22 Divs: IN: 2,706 x0.78= 2.11 Bn / OUT: 1.362 x0.86= 1.17Bn : Excess: $941M

'21 Divs: IN: 2.671 x0.78= 2.08 Bn / OUT: 1.362 x0.86= 1.17Bn : Excess: $910M

Div. History: HLP-101 : HLG-010

’Yr: HLPo: Gheld: Pct. : Pdiv: R/1362: DvInc: ye’H10: incY: gDiv: DivY: GbkV: %-BV:
9/22 4,50 2,671: 59.4: $0.78: x1.961: $1.53: $13.34 11.5:  $0.86, 6.45: 69.00: 19.3%
9/21 4,50  2,617: 58.2: $0.76: x1.921: $1.46: $17.80 8.2% $0.82, 4.61:  68.00: 26.2%
’22: 4,498 2,706:  60.1: $0.78: x2.111: $1.55: $14.34: 10.8: $0.86, 6.00: 68.15 : 21.0%
’21: 4,498 2,650e 58.9: $0.78: ?1,945 $1.52: $16.66: 9.11: $0.86,  5.16: 70.40: 23.7%
’20: 4,498: 2,617: 58.2: $0.76: x1.921: $1.46: $19.28: 7.57: $0.82, 4.25: 67.62: 28.5%
’19: 4,498: 2,606: 57.9: $0.76: x1.913: $1.45: $19.26: 7.55:  $1.08, 5.61: 67.03: 28.7%
’18: 4,498: 2,505: 55.7: $0.75: x1.839: $1.38: $19.94: 6.92: $0.80, 4.01: 63.47: 31.4%
’17: 4,498: 2,047: 45.5: $0.75: x1.503: $1.13: $28.75: 3.93: $0.80, 2.78: 61.04: 47.1%
’16: 4,498: 2,020: 44.9: $0.75: x1.483: $1.11: $27.00: 4.11 : $0.80, 2.96: 55.55: 48.6%
’15: 4,498: 1,993: 44.3: $0.??: x1.463: $1.0E $25.20: 0.00:  $0.8E, 0.00: 50.00: 50.0%
’14: 4,498: 1,90E: 00.0: $0.??: x1.45E: $1.0E $35.20: 0.00:  $0.8E, 0.00: 50.00: 50.0%
====

Date-- — : Hk10-: HK101: $Gap : Ratio-- / HK2823: ratio%/ Dv.80 : Dv.75: gap- : R.Yields:
BookVal. : $69.00: $30.30: NMF-: r228.% / =========== / *86cts. 78cts. 8cents : R-div. :
Earns/sh.: $    ??  : $ ??? :  $???  : r2??.% /
Dividends: $0.86: $0.78 : $0.08: 110.2% /
6/30/22 : $14.80: $14.88: (0.08): R99.5%/ $16.88: r-87.8%/
12/31/21 : $16.66: $16.04: $0.62: R104.%/ $18.32: r-90.9%/
12/31/21 : $16.66: $16.04: $0.62: R104.%/ $18.32: r-90.9%/
12/31/20 : $??.00: $??.00:
12/31/19 : $19.26: $17.10 : $2.16: r112.6%/ $15.32: r-126.%/ 4.15% 4.39%: 0.24%: r94.5%:
12/31/18 : $19.94: $14.92: $5.02: r134.% / $11.40: r-175.%/  4.01% 5.03%: 1.02%:  r79.7%:
12/29/17 : $28.75: $19.10: $9.66: r151.% / $15.02: r-191.%/  2.78% 3.93%: 1.15%: r70.7%:
—————

[drbubb]

HK 2823 looking for a LOW ... near $13.00? ($13.25?)

HK 2823 / xx ... All: 10yr: 5yr: 2yr: Ytd: 10d / Last: $13.82

[drbubb]

HK10 ... All: 10yr: 5yr: 2yr: Ytd: 10d: 10d-etc./ $13.06 +0.46, +3.65%:

HK101. All: 10yr: 5yr: Ytd: 10d/ $13.38 +0.48, +3.72%  / HK2823: $14.59 +0.96, +7.04%

HK2823. All: 10yr: 5yr: 2yr: Ytd: 10d/ $14.59 +0.96, +7.04% Today!

[drbubb]

A VERY DEEP DROP !

HK10: HK10: $11.64 6.3: 7.4% (9.90-18.66) .. HK101: $12.14 15.3: 6.4% (9.28-17.80)

HK101: $12.14 15.3: 6.4% (9.28-17.80)

[drbubb]

BUY on Bad News?   (China Riots over the weekend)

Hang Seng up +5.2% (tuesday)

HSI : from 1985: 18,204.68 +906.74, +5.2%!

HK10.($14.24) and HK101 ($14.66, 103%) ... from 7.1.2020: 3yr: Ytd: 10d:  updated: 12.06.22

[drbubb]

HLG > owns shs  ( 2,699,765,240, Nov.1,'22 )> HLP ( 4,499,260,670 )

: Can add <2% p.a., or average of 0.166% per month

: 2,700 Million. or 60.00 % as of Nov. 1, 2022. (was 59.37% at 9.19.22)

NOT OWNED: 40.0% = 1,800M x $14 = $25.2B / 7.8= USD $3.23 B

Bought:  29.8 M shares at maybe $13 = $387M

Divs: IN: 2.700 x0.78= 2.106 Bn / OUT: 1.362 x0.86= 1.171Bn : Excess: $935M (was $910M)

> source: https://www.hanglung.com/en-us/investor-relations/stock-information/substantial-shareholders

4.1 Mandatory general offer

• Definition of "control" and trigger points for a mandatory general offer

  Under the Takeovers Code, "control" is deemed to mean a holding, or aggregate holdings, of 30% or more of the voting rights of a company.

  A mandatory general offer to all shareholders of the target company must be made where:

  • a bidder acquires shares which, when taken together with the shares already held by the bidder (alone or in concert with others), represent 30% or more of the voting rights of the target company; or
  • a bidder holding not less than 30% and not more than 50% of the voting rights of the target company acquires (either alone or in concert with others), in any period of 12 months, additional shares carrying more than 2% of the voting rights of the target company. This is commonly known as the "creeper rule".
• > https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/asia-pacific/hong-kong/topics/effecting-a-takeover

[drbubb]

Update Late Dec.2022/. Low was end Oct. near $10

HK10.($14.12) & HK101 ($15.34,108.6%) fr.7/'20: 8/'21: 3yr: Ytd: 10d: 12.28.22; wsj:

===

[drbubb]

CONFIRMED?  LOWs in Place??  Low was end Oct. near $10

HK10.($14.34) & HK101 ($15.26, 106.4%). from 7.1.2020: 3yr: Ytd: 10d:  updated: 12.30.22; wsj:

Weird to see the high correlation between HK2823. with Silver, but it is there !

HangLung-etc vs.SLV ... Update : HK10: 14.34 / SLV: 22.02 = 65.1% at 12.30.22 (prev. 72.6% at 10.05.22)

[drbubb]

Strange silvery BELLWETHER?  Just for Fun, Silver leads Hang Lung

HK10 versus SIL, AGQ. ... update: 10d  (11.24.23)

old: 6.13.23

[drbubb]

2022 RESULTS :  FLAT with 2021

HLG:  The total revenue of HLG...   $16.00 / $2.00 = PER: 8.0x

HK$ in M's                                Revenue      :    Operating Profit
Hang Lung Group.          2022.   2021  Chg :    2022   2021  Chg.
Property Leasing           10,625 10,919 -3% :   7,596   7,898  -4%
Mainland China                7,218   7,402 -3% :   4,886  5,020  -3%
Hong Kong                       3,407   3,517 -3% :   2,710  2,878  -6%
Property Sales.                  316       -      N/A :       87      (91)   N/A
 ========.      TOTAL:  10,941  10,919   -  :   7,683   7,807   -4%

Earnings per share        HK$2.00  $1.90 > attrib., shareholders
Interim Div.                     HK$0.21   $0.21
Final Dividend                HK$0.65  $0.65
Interim + Final Div.         HK$0.86  $0.86

=====

HLP:  The total revenue of HLP...   $17.00 / $0.85 = PER: 20.x

HK$ in M's                              Revenue      :   Operating Profit
Hang Lung Properties.   2022.  2021 Chg :  2022   2021  Chg.
Property Leasing           10,031 10,321 -3% :   7,166  7,462  -4%
Mainland China               6,752   6,939 -3% :   4,554  4,693  -3%
Hong Kong                      3,279   3,382 -3% :   2,612  2,769  -6%
Property Sales.                  316    -         N/A :       87      (91) N/A
 ===.                 TOTAL: 10,347 10,321    -   :   7,253  7,371  -2%

Earnings per share      HK$0.85  $0.86
DIVIDEND
The Board of Directors has recommended a final dividend of HK60 cents per share for 2022 (2021: HK60 cents) to be paid in cash on May 19, 2023, to shareholders whose names are listed on the register of members on May 5, 2023. Together with an interim dividend of HK18 cents per share (2021: HK18 cents), the full-year dividends for 2022 amounted to HK78 cents per share (2021: HK78 cents).

[drbubb]

Hang Lung versus Bonds

HK10 vs, 101. TLT ... 2020: hk10-14.32, hk101-15.28, TLT-101.31

[drbubb]

DIVS

Dividend History, Hang Lung Group

T. Date==: Amt.:  Ex.Date  :  Paid :
F 01.31.23: 0.65: 05.03.23  05.19
I. 07.28.22: 0.21: 09.09.22 : 09.29
F 01.27.22: 0.65: 04.29.22 : 05.19
I. 07.29.21: 0.21:  09.10.21 :  09.29
========

[drbubb]

Downtrend continues as HL divs Paid... But may show Break Upwards soon

HK2823 (14.35 +0.02), vs. 10 (13.28 +0.14) & 101 (14.30 +0.62) . from May'21:

[drbubb]

NEXT RALLY coming?

HangLung/ HK10: $ 13.10.  If 0.86 div, 6.56% yield. PER: 6.56

[drbubb]

HK 10 (at $12.64) remains a laggard

HK 10 vs. HK101: w.TLT: ($13.20, 104.4%), 2823 ($13.25, 104.8%)

HK 10 vs. HK101:

[drbubb]

FIRST HALF Results, still weeks away - Late July?

Period:  2021: 2022:   +chg.  :  2023  :   +chg.
Unadj. : $1.11:  $1.18 : +6.33%:  $1.20E? +1.69%?
1st H.  : $1.11:  $1.06 : - 4.50%:  $1.20E? +13.2%?
2nd H : $0.79: $0.94: +19.0%: $1.00E?
Full Yr : $1.90: $2.00: +5.26%:
Divs.   :
Final.  : $0.65: $0.65:    unch. :  $0.65:
Inter.  :  $0.21: $0.21:

Release of 2022 interim results | Jul 28, 2022

 

Interim Results Announcements

The interim results announcements are available for download here :

Hang Lung Properties Limited : Download pdf

Hang Lung Group Limited.        : Download pdf

CONSOLIDATED RESULTS
For the six months ended June 30, 2022, total revenue of Hang Lung Group Limited (the Company) and its subsidiaries (collectively known as “the Group”) grew by 6% to HK$5,605 million, while operating profit edged up by 2% to HK$3,929 million. The revenue of our property leasing business stayed flat at HK$5,289 million. Property sales revenue of HK$316 million was recognized during the period (2021: Nil).
The underlying net profit attributable to shareholders advanced by 7% to HK$1,600 million.

The underlying earnings per share rose to HK$1.18 correspondingly. After taking into account a net revaluation loss on properties attributable to shareholders of HK$161 million (2021: net revaluation gain of HK$10 million), the Group reported a net profit attributable to shareholders of HK$1,439 million (2021: HK$1,508 million). The corresponding earnings per share was HK$1.06 (2021: HK$1.11).
...

 

[drbubb]

HK10 / Hang Lung Group: All: 5yr: 2yr: 1yr: 10d / cc,   hk101: xx

====.    1h’23:  1st H.  : 2nd H. :  2022 :  2021 :
HK:  10.  
Revs. :  $5.5B?   5.61B : 5.33B : 10.94B : 10.92B:
Op.prf   0.000k  3.93B:  3.35B : $7.28B: $7.40B:
Earns :  0.000k   1.60B: 1.40B : $3.00B: $2.99B:
Per sh.  0.000k   $1.06: $0.94 : $ 2.00 : $ 1.90 :
Divs.  :  $  0.65   $0.65: $ 0.21 : $ 0.86 : $ 0.86 :
Bk.Val:  $68.0?   $69.0: $68.2 : $68.20: $70.40::
====
HK:101
Revs. :  $5.2B?   5.30B: 5.04B : 10.35B : 10.32B:
Op.prf:  0.000k   3.71B: 3.54B : $7.25B : $7.37B:
Earns :  0.000k    2.11B: 2.09B : 4.20B :  4.37B :
Per sh.  0.000k   $0.43: $0.42 : $0.85 :  $0.86 :
Divs.  :  $ 0.60    $0.60: $ 0.18 : $0.78 :  $0.78:
Bk.Val:  $29.5?   $30.3: $29.6 : $29.60: $31.50:
====> Reports: '22, 1h'22: release end'july, rpt'sep

Divs.  1h: 0.65, 2h: 0.21 Yr: 0.86
115k       74.75:     24.15 =  98.9k
Divs.  1h: 0.60, 2h: 0.18 Yr: 0.78
  5.k         3.00:      0.90 =    3.9k
TTL:       77.75:    25.05 = 102.8k
X7.  :     542.5k.  175.4k=  717.9k
/12  :       45.2k.    14.6k=  59.8k

[drbubb]

NEWS : How Meaningful?   SCMP Links:

ExclusiveSaudi minister calls for people exchanges to enhance trade

• The property tycoon Ronnie Chan led a Hong Kong business delegation in a closed-door meeting with the Saudi investment minister in Riyadh
• The Saudi minister Khalid Al-Falih said he would like to visit mainland China and Hong Kong soon, his first visit to the region since 2019

14 Jun 2023 - 6:09PM

ExclusiveHong Kong’s ‘moneymaking genes’ help it trump charmless Singapore: Ronnie Chan

While some international cities that are well-equipped with hotels and airports are ‘artificial’ and ‘super boring’, Hong Kong is also ‘full of charm’, says Ronnie Chan Chi-chung of Hang Lung Properties.

3 Apr 2023 - 10:26AMvideocam

Hong Kong should go to Middle East ‘if there is money to be made’: Hang Lung chief

Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says.

31 Jan 2023 - 9:25PMvideocam

[drbubb]

Hang Lung Group, Six Month results

CONSOLIDATED RESULTS
For the six months ended June 30, 2023, the total revenue of Hang Lung Group Limited (the Company) and its subsidiaries (collectively known as “the Group”) decreased by 1% to HK$5,525 million compared to the same period last year, as the solid leasing performance realized through our unique positioning and disciplined execution was affected by the Renminbi (“RMB”) depreciation and lower contributions from property sales.

Property leasing revenue grew by 4% to HK$5,523 million, and revenue from property sales was HK$2 million (2022: HK$316 million).
The overall operating profit increased by 3% to HK$4,034 million.
The underlying net profit attributable to shareholders for the first half of 2023 was HK$1,560 million, 3% below the same period last year. The corresponding underlying earnings per share decreased to HK$1.15.

Taking into account a net revaluation gain on properties attributable to shareholders of HK$122 million (2022: net revaluation loss of HK$161 million), the Group reported a net profit attributable to shareholders of HK$1,682 million (2022: HK$1,439 million). The corresponding earnings per share was HK$1.24 (2022: HK$1.06).

(Earnings Table HERE.)
DIVIDEND
The Board of Directors has declared an interim dividend of HK21 cents per share for 2023 (2022: HK21 cents) to be paid in cash on September 29, 2023, to shareholders whose names are listed on
the register of members on September 15, 2023.

> source: 

[drbubb]

HK10 : xx

[drbubb]

HK10.($10.84) & HK101 ($10.20, 106.3%). from 7.1.2020: 3yr: Ytd: 10d:  updated: 9.21.23; wsj:

[drbubb]

Finally, we have THIS Set-up...

HK10 - All: 2010: Ytd: 10d/ Last: $10.44. (Range: $9.90 to 15.34 ).   updated: 10.27

Vs. Etc: Jan'06: 2016: $10.44/ $17.38K = 60.1%, TLT: $85.0= 12.0%

Since 2016: All: Ytd: $10.44/ Hsi: $17.38K = 60.1%, TLT: $84.37= 12.4%

===

[webmaster]

Bottoming process finishing?

HK10, Last: $11.14 +0.06 ...  HK101: $11.40 -0.02

HK10: 2023:

Strange silvery BELLWETHER?  Just for Fun, Silver leads Hang Lung

HK10 versus SIL, AGQ. ... update: 10d  (11.24.23)

[webmaster]

HK10-etc: hk$10.40 /