[ET Net News Agency, 21 August 2020] Citi Research cut its target price for Henderson
Land Development (HLD)(00012) to HK$34.7 from HK$38.5 and maintained its "buy" rating.
In view of the current tough operating environment, HLD management is still committed to
a steady DPS policy if possible, as they see their future cash flow is supported by new
IPs (investment properties) in HK and China, together with more saleable resources on HK
development properties.
The research house believes that if the overall market gets back to normal next year,
HLD is capable to maintain its DPS unchanged. Trading at an attractive 6% dividend yield,
Citi sees certain downside support at the current price level. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00012 HENDERSON LAND
Nominal 
22.350 0.000 (0.000%) Research Report
21/08/2020 15:45
{I-bank focus}Citi trims Henderson Land (00012) to HK$34.7
| Remark: | Real time quote last updated: 18/04/2024 15:32 |
| 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 |