Hongkong Land Jumps 2.55%; Hongkong Land Set to Benefit From Sale of Part of One Exchange Square

Dow Jones

04-28

Hongkong Land stands to benefit from selling part of One Exchange Square in Hong Kong, CGS International analysts say in a research report.

Based on gross proceeds of HK$6.3 billion for the sale of nine floors of office space and two floors of retail space, the analysts estimate an average selling price of HK$42,800 a square foot.

That translates to a 3.1% rental yield for the company, according to their calculations.

About one-fifth of the sales proceeds will be used for share buyback, which is expected to be net asset value-accretive.

The brokerage raises the stock's target price to US$4.91 from US$4.82, with an unchanged hold rating.

Shares are last at US$4.68.

HongkongLand USD jumps 2.55% at 11:00 am, Apr 30th.

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Hongkong Land Set to Benefit From Sale of Part of One Exchange Square","media":"Dow Jones","content":"<p>Hongkong Land stands to benefit from selling part of One Exchange Square in Hong Kong, CGS International analysts say in a research report. </p><p>Based on gross proceeds of HK$6.3 billion for the sale of nine floors of office space and two floors of retail space, the analysts estimate an average selling price of HK$42,800 a square foot. </p><p>That translates to a 3.1% rental yield for the company, according to their calculations. </p><p>About one-fifth of the sales proceeds will be used for share buyback, which is expected to be net asset value-accretive. </p><p>The brokerage raises the stock's target price to US$4.91 from US$4.82, with an unchanged hold rating. </p><p>Shares are last at US$4.68. </p><p> <a href=\"https://laohu8.com/S/H78.SI\">HongkongLand USD</a> jumps 2.55% at 11:00 am, Apr 30th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e1499ccfd8de024c5723fefb8ea14d6b\" tg-width=\"892\" tg-height=\"639\"></p><p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHongkong Land Jumps 2.55%; Hongkong Land Set to Benefit From Sale of Part of One Exchange Square\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-04-28 13:53</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Hongkong Land stands to benefit from selling part of One Exchange Square in Hong Kong, CGS International analysts say in a research report. </p><p>Based on gross proceeds of HK$6.3 billion for the sale of nine floors of office space and two floors of retail space, the analysts estimate an average selling price of HK$42,800 a square foot. </p><p>That translates to a 3.1% rental yield for the company, according to their calculations. </p><p>About one-fifth of the sales proceeds will be used for share buyback, which is expected to be net asset value-accretive. </p><p>The brokerage raises the stock's target price to US$4.91 from US$4.82, with an unchanged hold rating. </p><p>Shares are last at US$4.68. </p><p> <a href=\"https://laohu8.com/S/H78.SI\">HongkongLand USD</a> jumps 2.55% at 11:00 am, Apr 30th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e1499ccfd8de024c5723fefb8ea14d6b\" tg-width=\"892\" tg-height=\"639\"></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"H78.SI","symbol_name":"置地控股有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2530417759","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530417759","pubTimestamp":1745819580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0553 GMT - Hongkong Land stands to benefit from selling part of One Exchange Square in Hong Kong, CGS International analysts say in a research report. Based on gross proceeds of HK$6.3 billion for the sale of nine floors of office space and two floors of retail space, the analysts estimate an average selling price of HK$42,800 a square foot. That translates to a 3.1% rental yield for the company, according to their calculations. About one-fifth of the sales proceeds will be used for share buyback, which is expected to be net asset value-accretive. The brokerage raises the stock's target price to US$4.91 from US$4.82, with an unchanged hold rating. Shares are last at US$4.68. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"H78.SI":"置地控股有限公司"},"translate_title":"香港置地上涨2.55%；香港置地将从交易广场一号部分出售中受益","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"H78.SI":1.1},"content_text":"Hongkong Land stands to benefit from selling part of One Exchange Square in Hong Kong, CGS International analysts say in a research report. Based on gross proceeds of HK$6.3 billion for the sale of nine floors of office space and two floors of retail space, the analysts estimate an average selling price of HK$42,800 a square foot. That translates to a 3.1% rental yield for the company, according to their calculations. About one-fifth of the sales proceeds will be used for share buyback, which is expected to be net asset value-accretive. The brokerage raises the stock's target price to US$4.91 from US$4.82, with an unchanged hold rating. Shares are last at US$4.68.  HongkongLand USD jumps 2.55% at 11:00 am, Apr 30th.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,movement","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}