Hongkong Land stock rebounds in Singapore as buybacks stay in play ahead of March results
Hongkong Land Holdings rose 1.8% to $8.33 in Singapore by 3:19 p.m. Monday, with 3 million shares traded. The company disclosed buybacks of 170,000 shares each on Feb. 4 and 5 at prices above current levels. Hongkong Land recently launched a S$8.2 billion Singapore property fund and expanded its buyback program to $650 million. Investors await its 2025 results on March 5.