Hongkong Land Holdings (SG:H78) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Hongkong Land Holdings is shifting its strategy to focus on ultra-premium integrated commercial properties in Asian gateway cities, ceasing new build-to-sell projects to boost long-term recurring income. The company reported a higher underlying profit compared to last year’s third quarter, driven by build-to-sell completions in China, while maintaining a solid financial position. Despite lower investment property contributions, the company is seeing resilience in its key markets, particularly with strong demand in Hong Kong and Singapore.
For further insights into SG:H78 stock, check out TipRanks’ Stock Analysis page.
