Hongkong Land Holdings Reveals Half-Year Loss and Major Investment

Hongkong Land Holdings (SG:H78) has released an update.

Hongkong Land Holdings reported a half-year underlying loss of US$7 million, primarily due to non-cash provisions for China Development Properties, while investment property contributions remained stable. They announced a significant US$1 billion investment project, ‘Tomorrow’s CENTRAL,’ to revamp their Hong Kong retail portfolio and maintained an interim dividend of US¢6 per share. Despite a challenging market, the company’s solid investment property performance and strategic investments are poised to strengthen its market position and shareholder value.

For further insights into SG:H78 stock, check out TipRanks’ Stock Analysis page.