Excluding Disposal Gains, Full-Year Results Below Par
For full-year 2016, Henderson Land Development, or HLD, reported underlying profit of HKD 14.2 billion, up 29% year on year. Underlying EPS amounted to HKD 3.90, versus HKD 3.03 a year earlier. However, the underlying profit included disposal gains of several investment properties. Stripping out those, underlying profit was HKD 10.6 billion, up 4% year on year, but 9% below our estimate. HLD declared a final dividend of HKD 1.13 per share, bringing the full-year dividend to HKD 1.55 per share, u...Henderson Land Development is an investment holding company, engaged in property development and investment in Hong Kong and mainland China, hotel operation, project and property management, construction and provision of finance. Co.'s segments include Property development, property leasing, construction, infrastructure, hotel operation, department store operation, utility and energy, and others. Co.'s others segment is involved in the provision of finance, investment holding, project management, property management, agency services, cleaning and security guard services, as well as the trading of building materials and disposal of leasehold land.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.