Hang Lung (10 HK) Is Still Inexpensive. Lack Of Liquidity Not Helping
HLG's implied stub has widened since the commencement of the scrip dividends in 2024, with the market assigning HK$600mn less for the stub ops.
359 Views
Primer: Swire Properties (1972 HK) - Sep 2025
Swire Properties is a major Hong Kong-based property investor and landlord, with a significant portfolio of Grade A office spaces and a...
184 Views
StubWorld: Swire Pac's NAV Discount Widens. Bs Outperform As
Unclear why the Bs have outperformed the As. The Bs are illiquid. Not shortable. It may be due to a crowding issue. Swire Pac looks cheap. I'd be...
578 Views
Henderson Land (12 HK): Large Passive Flow Coming Up as Shorts Cover
Henderson Land Development (12 HK) will be added to a global sector index at the close on 20 June and passives need to buy a fair bit. Positioning...
721 Views
Hong Kong Buybacks Weekly (May 23rd): Tencent, Bilibili, AIA
We analyzed the Hong Kong buyback data in the past week and highlight the top 3 companies that repurchased the most shares were Tencent (700 HK),...
448 Views