EQS Newswire / 01/04/2025 / 14:00 CET/CEST HONG KONG SAR - - 1 April 2025 - Henderson Land Development Company Limited ("Henderson Land" or "the Group") (Stock code: 12) actively supports and promotes the development of the arts in Hong Kong. By curating diverse artistic experiences, the Group strives to delight and inspire art lovers and the public at large. The Group has transformed the Lambeth Walk Rest Garden into the Art Garden next to The Henderson and become the ZHA's first sculpture art garden in Asia. The Art Garden evolves throughout the day thanks to creative light and sound e...
GREATER CHINA Sector Hong Kong Property Results wrap-up for Hong Kong developers: Navigating the cycle. INDONESIA Update XL Axiata (EXCL IJ/BUY/Rp2,270/Target: Rp2,900) Fixed broadband ARPU might increase by 10% post-acquisition of ServeCo. MALAYSIA Sector Utilities A strong 2Q24 with companies coming in broadly within expe...
The independent financial analyst theScreener just slightly lowered the general evaluation of HENDERSON LD.DEV.CO.LTD. (HK), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly P...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Opportunities In Real Estate and Health Care The weight of the evidence continues to support our mixed, but overall constructive outlook. Below we outline the basis for our outlook, and we also highlight opportunities within Real Estate and Health Care. Positive Signs For Global Equities. (1) The broad global indexes remain bullish with the MSCI ACWI, ACWI ex-US, and EAFE in uptrends, and the MSCI EM index holding above base support at $55.35 on the EEM-US. (2) Small-caps remain leadership out...
The ever-volatile residential property market in Hong Kong seems to have found its footing again. With the consensus view of a dovish Fed over an increasingly longer time frame limiting interest-rate risk in Hong Kong, the market expects demand from local end users and continued influx of Chinese investors keeping the price steady for now. We still hold the view that the physical market is at a cyclical peak, factors such as poor affordability, tight rental yield, increasing supplies and the ong...
The ever-volatile residential property market in Hong Kong seems to have found its footing again. With the consensus view of a dovish Fed over an increasingly longer time frame limiting interest-rate risk in Hong Kong, the market expects demand from local end users and continued influx of Chinese investors keeping the price steady for now. We still hold the view that the physical market is at a cyclical peak, factors such as poor affordability, tight rental yield, increasing supplies and the ong...
Due to Henderson Land Development’s 1-for-10 bonus share issuance, we have adjusted our fair value estimate to HKD 43.6 from HKD 48.0. We also reduced projected earnings per share by 6% for 2019, and 10% for subsequent years. The impact on 2019 projected earnings is smaller as the bonus shares began trading on May 31. These changes are not material. We maintain our no-moat rating for the company. Also, as expected, Lee Shau Kee stepped down from the position of Chairman and Managing Director ...
Due to Henderson Land Development’s 1-for-10 bonus share issuance, we have adjusted our fair value estimate to HKD 43.6 from HKD 48.0. We also reduced projected earnings per share by 6% for 2019, and 10% for subsequent years. The impact on 2019 projected earnings is smaller as the bonus shares began trading on May 31. These changes are not material. We maintain our no-moat rating for the company. Also, as expected, Lee Shau Kee stepped down from the position of Chairman and Managing Director ...
Due to Henderson Land Development’s 1-for-10 bonus share issuance, we have adjusted our fair value estimate to HKD 43.6 from HKD 48.0. We also reduced projected earnings per share by 6% for 2019, and 10% for subsequent years. The impact on 2019 projected earnings is smaller as the bonus shares began trading on May 31. These changes are not material. We maintain our no-moat rating for the company. Also, as expected, Lee Shau Kee stepped down from the position of Chairman and Managing Director o...
Henderson Land Development reported underlying profit of HKD 19.8 billion for 2018, up slightly year on year. Underlying EPS amounted to HKD 4.49 versus HKD 4.43 on a share-adjusted basis a year ago. The underlying profit included disposal gains and a cumulative fair value change of derecognized investment properties. Stripping out those, underlying profit was around HKD 13 billion, up slightly from a year ago and 10% lower than our estimate. HLD declared a full-year dividend of HKD 1.80 per sha...
Henderson Land Development reported underlying profit of HKD 19.8 billion for 2018, up slightly year on year. Underlying EPS amounted to HKD 4.49 versus HKD 4.43 on a share-adjusted basis a year ago. The underlying profit included disposal gains and a cumulative fair value change of derecognized investment properties. Stripping out those, underlying profit was around HKD 13 billion, up slightly from a year ago and 10% lower than our estimate. HLD declared a full-year dividend of HKD 1.80 per sha...
The result of the last Hong Kong government land auction of 2018 was a slight negative for Henderson Land. A plot in Kai Tak was sold at an accommodation value 10% lower than the average price the company paid for three neighboring plots during the year. The lower transaction price marked a slowdown in the land auction market, dovetailing the trend seen in residential property sector. The company’s shares have pulled back during the second half of 2018 along with the rest of the sector. As one...
The result of the last Hong Kong government land auction of 2018 was a slight negative for Henderson Land. A plot in Kai Tak was sold at an accommodation value 10% lower than the average price the company paid for three neighboring plots during the year. The lower transaction price marked a slowdown in the land auction market, dovetailing the trend seen in residential property sector. The company’s shares have pulled back during the second half of 2018 along with the rest of the sector. As one...
For interim 2018, Henderson Land Development, or HLD, reported underlying profit of HKD 13.9 billion, up 52% year on year. Underlying EPS amounted to HKD 3.15, versus HKD 2.07 a year ago on a restated basis and adjusted for bonus issue. However, the underlying profit included disposal gains of several investment properties. Stripping out those, underlying profit amounted to HKD 8.2 billion, up 54% on a like-for-like basis. This is about 53% of our full-year estimate. HLD declared an interim divi...
For interim 2018, Henderson Land Development, or HLD, reported underlying profit of HKD 13.9 billion, up 52% year on year. Underlying EPS amounted to HKD 3.15, versus HKD 2.07 a year ago on a restated basis and adjusted for bonus issue. However, the underlying profit included disposal gains of several investment properties. Stripping out those, underlying profit amounted to HKD 8.2 billion, up 54% on a like-for-like basis. This is about 53% of our full-year estimate. HLD declared an interim divi...
For interim 2018, Henderson Land Development, or HLD, reported underlying profit of HKD 13.9 billion, up 52% year on year. Underlying EPS amounted to HKD 3.15, versus HKD 2.07 a year ago on a restated basis and adjusted for bonus issue. However, the underlying profit included disposal gains of several investment properties. Stripping out those, underlying profit amounted to HKD 8.2 billion, up 54% on a like-for-like basis. This is about 53% of our full-year estimate. HLD declared an interim divi...
Henderson Land Development is a leading Hong Kong property developer. It ranks third in square footage in the retail sector, and fourth in the office sector. In residential sales, HLD is usually a top-five developer in terms of units sold and contracted sales. Despite its strong presence across all sectors of HK real estate, it has limited signature projects. HLD's colorful founder and chairman, Lee Shau Kee, is the lone surviving member of The Three Swordsmen, the famous trio that established S...
Last Friday, the Hong Kong government announced a package of new measures to address the worsening housing affordability issue in the city. In particular, the government proposed a new property tax on vacant first-hand private residential units. Owners of such units with occupation permits issued for longer than 12 months, yet not occupied or rented for more than six months during the past 12 months, will be subject to a special rate that is 200% of the property's ratable value, or roughly 5% of...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.