Hongkong Land's Private Real-Estate Fund May Be Strategic Breakthrough -- Market Talk
Dow Jones
Feb 03
0824 GMT - Hongkong Land's new private real-estate fund platform in Singapore could be a strategic breakthrough for the property company, Citi analysts say in a note. The fund could enable further capital recycling through the introduction of third-party investments, they say. This could then allow Hongkong Land to increase the size of its share buyback program, the analysts add. They anticipate strong operational data for the office and retail segments when it announces full-year results. Citi raises its target price to US$9.75 from US$7.15 and opens a 30-day positive catalyst watch on Hongkong Land's shares. Citi retains a buy rating on the stock, which is up 4.8% at US$8.68. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 03, 2026 03:24 ET (08:24 GMT)
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