Yes I agree very thorough analysis. I also like Hongkong Land, especially by holding it through JMH. Funnily enough analysts in the beginning of the year were the most bearish HKL, and the most bullish Link REIT. HKL has been one of the best performers and Link REIT one of the worst so far.
Like someone else mentioned here Great Eagle is also a great property play, although large part of the assets are not IP, but operating assets. But this is just one of the reasons there is so much hidden value there.
After a suggestion from https://x.com/phil_hk I edited my Hysan comments to mention the impact of the temporary Retail space renovations in progress. I welcome additional feedback about Hysan or any other companies mentioned.
Yes I agree very thorough analysis. I also like Hongkong Land, especially by holding it through JMH. Funnily enough analysts in the beginning of the year were the most bearish HKL, and the most bullish Link REIT. HKL has been one of the best performers and Link REIT one of the worst so far.
Like someone else mentioned here Great Eagle is also a great property play, although large part of the assets are not IP, but operating assets. But this is just one of the reasons there is so much hidden value there.
Reversion to mean PB implies all of their share prices double. Or is that too much to ask? Hmmm
Did you take a look at Great Eagle? Looks like cheaper than Hysan.
Did not include Great Eagle because it has high exposure to hotels which are operating assets rather than Investment Property.
After a suggestion from https://x.com/phil_hk I edited my Hysan comments to mention the impact of the temporary Retail space renovations in progress. I welcome additional feedback about Hysan or any other companies mentioned.