0520 GMT - Hongkong Land's fund management strategy supports a higher valuation for its stock, say DBS Group Research analysts in a note. This view comes as the Singapore-listed property company launched its first private real-estate fund with an initial S$8.2 billion assets under management. Hongkong Land's ongoing share buyback program, which it expanded by an additional US$300 million, and continuous asset recycling are likely to sustain the company's share price, they say. The stock is trading at a 25% discount to DBS's appraised current net-asset value after rising around 40% over the past three months. DBS raises the stock's target price to US$10.13 and maintains a buy rating. Shares are down 1.7% at US$8.47. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 05, 2026 00:20 ET (05:20 GMT)

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