Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Expects HENDERSON LAND (00012.HK) New Project Margins to Rebound, Benefiting from Opportunities at Northern Metropolis
Recommend 11 Positive 8 Negative 2 |
||||
|
||||
|
As the residential market recovers, HENDERSON LAND (00012.HK) recorded good sales performance, with management expecting the momentum to continue, HSBC Global Research issued a research report saying. Despite the impact of the Middle East conflict, new project sales were satisfactory, and the Company successfully raised selling prices for newly launched projects, helping enhance overall profitability. Management believed that residential sales margins have bottomed out, and the broker expected overall operating margin to rise from 8% in 2025 to 20% in 2026. In terms of land bank, as of the end of 2025, the Company held approx. 40.5 million square feet of agricultural land in Hong Kong, most of which is located in the Northern Metropolis. As the government accelerates development in the area, the broker anticipated the Company to benefit over the next 12 months from additional cash flow generated by land resumptions or landbank replenishment at a reasonable price. Therefore, HSBC Global Research kept rating at Buy on HENDERSON LAND, with a target price of $35.8. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
