Hong Kong Land eyes elusive spot on elite MSCI Index

It might be included in MSCI HK by November.

A spot on the elite MSCI Hong Kong Index might soon belong to SGX-listed Hong Kong Land, a report by Maybank Kim Eng revealed today.

This follows MSCI’s mid-January announcement that it will consider the inclusion of foreign-listed companies in its global and country indices such as MSCI HK.

“It plans to start inclusions during its November semiannual review. We see the potential inclusion of HKL in MSCI HK as a positive catalyst,” stated the report.

Maybank Kim Eng noted that Hong Kong Land’s FY14 results are expected to be in line, boosted by property development contributions from Singapore’s fully-sold Terrasse and Uber 388, along with some contributions from Serenade in HK and China projects.