Hongkong Land Holdings (SGX: H78) Stock Outlook 2026: Buybacks, Deep Discount to NAV and a Stabilising Hong Kong Office Market
As of 8 December 2025, Hongkong Land Holdings Limited’s shares on the Singapore Exchange trade around US$6.70 per share, after a strong run this year driven by aggressive buybacks, large asset disposals and early signs of stabilisation in Hong Kong’s Central office market. Grow Beansprout+1 Yet the story is anything but straightforward. Third‑quarter 2025 underlying profit fell 13% year‑on‑year, even as the stock now changes hands at roughly 0.49 times book value, near the upper end of its 10‑year valuation range. The Business Times+1 Analyst targets are unusually split: some models see modest upside from here, others imply more than 25% downside.