Hongkong Land Holdings: Lower Office Vacancy Rate in Hong Kong Should Support Full-Year Earnings
Hongkong Land Holdings reported third-quarter operating data slightly better than our expectation. In Hong Kong, the office portfolio’s vacancy declined to 0.8% at quarter-end, compared with 1.9% and 1.4% at interim 2018 and year-end 2017, respectively. This is reflective of a very tight office market in the city’s central business district. The company indicated positive rental reversions but without details. The retail portfolio also saw small positive rental reversion. As the Hong Kong office...Hongkong Land Holdings is a member of the Jardine Matheson Group. Co. is a property investment, management and development group in Asia. Co. owns and manages almost 800,000 sq. m. of office and retail property in Asian cities, principally in Hong Kong and Singapore. Co. has two operating segments: Commercial Property and Residential Property.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.