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

[webmaster]

UPDATE: ($11.36 +0.32) Targets; $13, $15, $18  (be: xx, xx)

Together: hk10: $11.36, 100%; hk101: $8.18. 72.0%;  / hk2823: $17.15, 151%,  x1288= 22.1k

Prior Update: HK 10 vs 101: 2022: 2023: Feb.'24: $8.91 - $5.88 = $3.03 Diff     ... 10d: 

Stock:  8.30 : Yield:  Div.:  PER:  Low : High : ye’23: B.V.:  %BV: 

HK10 : $8.94: 9.62% 0.86: 6.04: 8.06- 11.30: 10.64: 70.38: 12.7% 
H.101 : $6.00: 12.0% 0.50: 10.25 5.42- 11.68: 10.88: 29.20: 20.5% 
Differ : $2.94: ====  ===: ====  2.64-(0.38) (0.24) 
HSI    : 18.10k  ====  ===: ==== 14.79-19.71: 17.05k 
H2823 12.68: 2.94% 0.37:  N/A : 10.94-13.68: 1??? : ====

xx

HK10 (10.20) vs TLT ($96.52) = 7.0%, HK1 ($40.45, 4.06x), HSI (15,886)

HK10- All: $10.20 > $9.00

HK1: CK Hutchison Holdings Ltd.   : 2yr: Last; $40.70

: 2yr: Last; $40.70

[webmaster]

HK10, vs. 3rd largest Phl. Developer (MEG-Php and $)

MEG -etc: 2020: ytd: 10d/  HK10: $8.84 / MEG: 1.81= R-4.88x at 7.26.24

01.16.24:  HK10: 10.14 / MEG: 1.98= R-5.12x

MGAWY ($7.47) x55.9= 417.6 (MEG: 1.98) / HK10: 10.14 vs.TLT: $96.52= 10.50%

MEG (P1.92) / TLT ($97.53) = 1.95%; HK10 (8.91, xx%)  Rallying at last, following TLT up.

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[webmaster]

HLP / Hang Lung Properties

Qwk> jun.27: 2,974M =63.11%; HK10-$8.84 x9.73%= 0.86, HK101-$6.34 x12.3%= 0.78

HK101 / HLP: HK$6.34  (R: 6.29 to 12.26 )

HK101 (6.34, 12.3%Y) / HK10 (8.84, 9.73%Y)= 71.7%, TLT: $93 

Substantial Shareholders' Interests in Shares as of Jun.27, 2024*

Hang Lung Group Ltd receives:  2,774M; 63.11% x Div:(0.78): $2.16B, was $2.15B

===> 2.16B/ 1362M= HK$1.586 / $8.84 price of HK10 = 17.9% inc. from Divs

PARENT’s Div. of $0.86 =  is 184.4% covered by incoming (above):

HLG 551.5M / 40.5% (held BY Adriel Chan) = 1,362M shs x Div(0.86) : $1.17B

/ Prev> 

: Substantial Shareholders, as of June 13, 2024*

Hang Lung Group Limited   :  2,755,565,240 ; 61.24% x Div:(0.78): $2.15 B

Chg.: 2,774M - 2,755M = 19M x $7.00= HK$133M spent in two weeks

To Buyout HLP: 36.89% (1,621 M shs x $6.34 = $10.28B or: 4.76x Yrs. Div.Rec-d pa.

[webmaster]

DOWN HALF revealed!  -33% Div. cut for HLP (0.18 > 0.12), HLG held at 0.21

HK101 (5.64 -0.75, L:5.42).  HK10 (8.58 -0.38, 10%Y, L:8.48)

HK10 (xx)

(HLP:  - 3% in Revs,-22% NOP in 2024) Div: 0.18>0.12,-33% EPS:0.53>0.23, -67%

(HLG: +15% in Revs,-10% NOP in 2024) Div: 0.21>0.21,  flat; EPS: 1.24> 0.65,-48%

HLP: Revaluation loss of HK$634M= $0.11 /sh (2023: gain of HK$251M) BV:

HLG: Revaluation loss of HK$393M=$0.29 /sh (2023: gain of HK$122M) BV: $70.40

Interim Div.  ex.Div: Aug.16,2024, Pmt: Sep.25,2024

From Interim Report: 2024: 

"In the first half of 2024, the revenue of our luxury malls dropped by 4%, influenced by weakening consumer sentiment in the luxury market, particularly in Shanghai, but partly compensated by the growth at Olympia 66 in Dalian.... resulted in the continuous growth in occupancy and footfall."

[webmaster]

HK 10 vs 101: 2022: 2023: Feb.'24: $8.91 - $5.88 = $3.03 Diff     ... 10d: 

Stock:  8.30 : Yield:  Div.:  PER:  Low : High : ye’23: B.V.:  %BV: 

HK10 : $8.94: 9.62% 0.86: 6.04: 8.06- 11.30: 10.64: 70.38: 12.7% 
H.101 : $6.00: 12.0% 0.50: 10.25 5.42- 11.68: 10.88: 29.20: 20.5% 
Differ : $2.94: ====  ===: ====  2.64-(0.38) (0.24) 
HSI    : 18.10k  ====  ===: ==== 14.79-19.71: 17.05k 
H2823 12.68: 2.94% 0.37:  N/A : 10.94-13.68: 1??? : ====

HK10: $8.66 / HSI (x) = xx% Past the Low, Maybe?