Henderson Land Development, or HLD, is a leading Hong Kong property developer. It ranks third in square footage in the retail sector, and fourth in the office sector. In residential sales, HLD is usually a top-five developer in terms of units sold and contracted sales. Despite its strong presence across all sectors of Hong Kong real estate, it has limited signature projects.
The Hong Kong government is expected to speed up the farmland conversion process as part of its effort to increase housing supply
The farmland conversion process remains challenging, given the number of stakeholders involved. Urban redevelopment is slow by its very nature. Hence, asset turn is expected to remain slow.
|
Metric
|
00012
|
01972
|
H78
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.10 | 12.40 | 9.66 |
Price/Book Value | 0.35 | 0.33 | 0.22 |
Price/Sales | 4.18 | 6.50 | 3.86 |
Price/Cash Flow | — | 14.30 | 16.81 |
|
Metric
|
00012
|
01972
|
H78
|
|---|---|---|---|
Quick Ratio | 0.40 | 0.48 | 0.61 |
Current Ratio | 2.24 | 1.03 | 1.70 |
Interest Coverage | 8.25 | 7.92 | −1.16 |
|
Metric
|
00012
|
01972
|
H78
|
|---|---|---|---|
Return on Assets (Normalized) | 1.81% | 2.11% | 1.87% |
Return on Equity (Normalized) | 2.97% | 2.54% | 2.39% |
Return on Invested Capital (Normalized) | 2.49% | 2.33% | 2.39% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
GDVTZ
| Gould Investors LP | — | Rbvgq | $303.5 Bil | |
GMGSF
| Goodman Group | — | Grtzzf | $39.5 Bil | |
MTSFF
| Mitsui Fudosan Co Ltd | — | Swtk | $28.9 Bil | |
MTSFY
| Mitsui Fudosan Co Ltd ADR | — | Vwnbj | $28.9 Bil | |
MITEF
| Mitsubishi Estate Co Ltd | — | Skxww | $23.6 Bil | |
MITEY
| Mitsubishi Estate Co Ltd ADR | — | Skvk | $23.6 Bil | |
HLDVF
| Henderson Land Development Co Ltd | — | Clyw | $14.7 Bil | |
HLDCY
| Henderson Land Development Co Ltd ADR | — | Gghm | $14.7 Bil | |
SPHXF
| SM Prime Holdings Inc | — | Kvjw | $14.0 Bil | |
BALDF
| Fastighets AB Balder Class B | — | Rbvp | $7.6 Bil |
