Hongkong Land Holdings Ltd (SG:H78)
SGX:H78
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Hongkong Land Holdings
(SGX:H78)
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Rating:61Neutral
Price Target:
$7.50
▼(-6.72% Downside)
Action:N/A
Date:06/15/26
The score is primarily supported by a relatively conservative balance sheet and generally positive cash flow, but is held back by highly volatile earnings/revenue and weak current technical momentum (below key moving averages with negative MACD). Reasonable valuation and dividend yield provide partial offset.
Positive Factors
Conservative balance sheet
A low debt-to-equity (~0.20) and a sizable equity base provide durable financial flexibility for a developer. This conservatism supports funding project cycles, absorbing property market stress, and pursuing joint-venture investments without forcing distressed asset sales, preserving long-term optionality.
Negative Factors
Volatile profitability
Sharp swings from losses to large one-off profits indicate earnings are driven by lumpy development gains and timing effects. This volatility undermines earnings quality, complicates cash-flow forecasting and capital allocation, and raises uncertainty about sustainable profit margins over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A low debt-to-equity (~0.20) and a sizable equity base provide durable financial flexibility for a developer. This conservatism supports funding project cycles, absorbing property market stress, and pursuing joint-venture investments without forcing distressed asset sales, preserving long-term optionality.
Read all positive factors
Hongkong Land Holdings (H78) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$15.00B
Dividend Yield3.31%
Average Volume (3M)2.99M
Price to Earnings (P/E)12.0
Beta (1Y)0.71
Revenue Growth-28.23%
EPS GrowthN/A
CountrySG
Employees3,063
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.58
Shares Outstanding2,143,049,000
10 Day Avg. Volume1,874,625
30 Day Avg. Volume2,993,313
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.53
Price to Sales (P/S)10.88
P/FCF Ratio38.51
Enterprise Value/Market Cap1.26
Enterprise Value/Revenue12.78
Enterprise Value/Gross Profit36.70
Enterprise Value/Ebitda11.91
Forecast
1Y Price Target
$10.21Price Target Upside26.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.25
Revenue Forecast (FY)$1.42B
Hongkong Land Holdings Business Overview & Revenue Model
Company Description
Hongkong Land Holdings Limited, operating through its various subsidiaries, specializes in the acquisition, development, and management of real estate assets. Its geographical footprint spans Hong Kong, Macau, mainland China, Southeast Asia, and o...
How the Company Makes Money
Hongkong Land makes money primarily through (1) recurring rental income from its investment property portfolio and (2) profits from property development activities, supplemented by (3) property management and related services.
1) Recurring rental...
Hongkong Land Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.49B | 2.00B | 1.84B | 2.24B | 2.38B |
| Gross Profit | 519.50M | 736.70M | 930.70M | 1.02B | 1.10B |
| EBITDA | 1.67B | -966.00M | 779.90M | 578.60M | 32.50M |
| Net Income | 1.26B | -1.38B | -582.30M | 202.70M | -343.80M |
Balance Sheet | |||||
| Total Assets | 40.06B | 39.05B | 40.77B | 42.60B | 43.86B |
| Cash, Cash Equivalents and Short-Term Investments | 2.55B | 1.07B | 1.20B | 1.17B | 1.48B |
| Total Debt | 6.14B | 6.17B | 6.57B | 6.99B | 6.58B |
| Total Liabilities | 9.22B | 9.08B | 8.78B | 9.27B | 9.24B |
| Stockholders Equity | 30.80B | 29.94B | 31.97B | 33.30B | 34.58B |
Cash Flow | |||||
| Free Cash Flow | 420.20M | 592.10M | 616.30M | 763.70M | 428.20M |
| Operating Cash Flow | 584.40M | 670.60M | 701.60M | 858.30M | 528.60M |
| Investing Cash Flow | 1.67B | 81.60M | 269.20M | -726.70M | -432.20M |
| Financing Cash Flow | -780.90M | -778.30M | -1.02B | -415.70M | -629.30M |
Hongkong Land Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | S$8.49B | 17.58 | 4.14% | 2.06% | 15.72% | 34.49% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $15.00B | 11.96 | 4.17% | 3.31% | -28.23% | ― | |
58 Neutral | S$7.59B | 11.88 | 6.76% | 1.23% | 10.19% | 226.12% | |
58 Neutral | S$1.16B | 28.31 | 2.65% | 4.51% | -8.14% | -200.50% | |
51 Neutral | S$1.24B | 24.05 | 0.83% | ― | -60.71% | ― | |
41 Neutral | S$339.16M | -50.99 | -0.79% | ― | 23.57% | 92.66% |
* Real Estate Sector Average
SG:H78
Hongkong Land Holdings
7.06
1.74
32.81%
SG:C09
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3.44
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UOL Group
9.92
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SG:Z25
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Oxley Holdings Ltd.
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4.89%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.