$JMH USD (J36.SG)$$HongkongLand USD (H78.SG)$$CityDev (C09.S...
Portfolio recycling
Our strategic decision to no longer invest in the build-to-sell segment will help us better manage earnings fluctuations influenced by land acquisition pace, market conditions and other external factors. We will work to accelerate the return of invested capital where possible, while still completing all currently committed projects to our same high standards.
We will also be open to selectively recycling assets into REITs and other third-party capital vehicles. Overall, this new strategy will see up to US$10bn of existing capital recycled over the next 10 years, generating cash for new investments and enhanced shareholder returns. An estimated US$6bn in proceeds will be generated from the wind-down of the build-to-sell segment. A further US$4bn will come from the recycling of selected IP assets.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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nmnhnlm : hkland at $4.50, jmh nav has increased by $2.50
Deep Sea OP nmnhnlm : Even pigs can fly now![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Deep Sea OP nmnhnlm : I will only sell JMH when it reaches the previous high of 48 to 50.
HODL RDDT : Sry, CDL is not part of jardine...
Deep Sea OP HODL RDDT : I know. I added the info hoping city dev can learn from HongKong Land![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
101640236 : While it is good news, it is something many asset owners aspire to be. It is down to execution. Low yielding properties not easy to recycle in this market. Buyers look for discount to valuation. They need their own recycling platform like a reit. Perhaps they can buy one.