Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down28.300 -0.450 (-1.565%)
Research Report

24/04/2020 17:02

{I-bank focus}Goldman cuts Henderson Land (00012) to HK$40

[ET Net News Agency, 24 April 2020] Goldman Sachs lowered its target price for
Henderson Land Development (HLD)(00012) to HK$40 from HK$47 and maintained its "buy"
The research house said HLD declared flat full-year DPS at HK$1.80/share, but it did not
announce an annual one-for-ten bonus issue. While FY2019 results were above estimates,
Goldman views the decision to skip the traditional bonus issue as negative to its original
DPS growth trajectory.
Looking ahead, management noted in their results their plans to conserve their capacity
and the potential to deploy in 2020, including farmland conversions, old buildings
assembly, and Yau Tong Bay projects with land premium payment.
Goldman thinks the potentially slower pace of land formation/supply to private
residential by the government will benefit developers with large landbanks. After
factoring in the latest sector growth assumptions, it lowered its FY2020-22 EPS forecasts
by up to -1%. (KL)

Remark: Real time quote last updated: 28/09/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.