Dear readers, in today’s post, let us take a look at HongKong Land stock.
As at 4 Aug 23, HongKong Land stock closed at USD 3.53 per share, this is almost 23.2% lower than the USD 4.60 per share closing price of the stock on 30 Dec 22.
So, we noted that year-to-date, HongKong Land stock closed 23.2% lower but in fact, the other time that HongKong Land was at its stock price on 4 Aug 23, was in May 2020. Hence, we can note just how much of a decline in share price HongKong Land stock has gone through.
In fact, for the last 5 years period, HongKong Land stock has gone down by 49.8%!
In terms of valuation, as at the time in writing, HongKong Land stock is undervalued, at just 0.244 Price-to-Book value. And the stock pays an annual dividend yield of 6.06% per annum.
Is it time for investors to take note of this stock? Or will HongKong Land stock continues to decline further? For investors, please do your own due diligence as this post is just a sharing of my noting of the Straits Times Index (STI) stocks.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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