Hongkong Land stock holds near a 52-week high as buybacks keep ticking
Hongkong Land shares traded at US$8.18 Thursday afternoon after touching a 52-week high of US$8.33. The company disclosed buybacks of 185,000 shares each on Jan. 13 and Jan. 12, both set for cancellation, reducing its share count to about 2.16 billion. Buybacks follow a US$200 million repurchase plan funded by property sales. The next earnings report is due March 5.
