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ENM Holdings ( (HK:0128) ) has shared an update.
ENM Holdings has updated investors on its strategic review of the Hilltop land, disclosing that its financial adviser has concluded it would be difficult for the company to successfully develop the site on its own given its current financial resources, limited property development capabilities and the practical challenges of such a project. While potential partnership structures with third-party developers and external funding remain theoretically possible, the adviser highlighted significant uncertainties around finding a suitable partner and agreeing commercially attractive terms, and therefore recommended that ENM also seriously consider an outright disposal of the Hilltop land as a more feasible and quicker route to unlock value for shareholders; the board is now evaluating these options, with no decision yet reached and the land exchange application still in progress.
The most recent analyst rating on (HK:0128) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on ENM Holdings stock, see the HK:0128 Stock Forecast page.
More about ENM Holdings
ENM Holdings Limited is a Hong Kong-incorporated investment holding company listed on the Stock Exchange of Hong Kong. Through its subsidiaries, the group holds various assets, including the Hilltop land in Hong Kong, and focuses on managing and realising value from its investment and property-related portfolio for shareholders.
YTD Price Performance: 17.31%
Average Trading Volume: 691,455
Technical Sentiment Signal: Hold
Current Market Cap: HK$503.5M
Learn more about 0128 stock on TipRanks’ Stock Analysis page.