Undervalued stock
$HongkongLand USD(H78.SG$ At $4.33, the underlying earning yield is 9 to 10%, and dividend yield (22 cts) of 5%. The stock is greatly undervalued. The company has low debt, NAV and dividend payout supported by Grade A investment properties in HK, SG and PRC. Bear in mind that developer is capital intensive business, a yield of 5% is considered good. Dividend never lies…you need to have cash in the bank to pay out dividends consistently. Many ‘companies’ have good accounting profits but never pay dividends….ACCUMULATE when price dips.
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