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<Research>UBS: HENDERSON LAND's 2025 Core Earnings & DPS in Line
Recommend 3 Positive 6 Negative 6 |
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According to a report from UBS, HENDERSON LAND (00012.HK)'s 2025 core earnings dropped by 38% YoY to HKD6.1 billion, in line with the broker's expectations. HENDERSON LAND reduced its final dividend to HKD0.76 per share. Together with the interim dividend of HKD0.5 per share, the total dividend for the year amounted to HKD1.26, a YoY decrease of 30%, roughly meeting market expectations. Since HENDERSON LAND's current forecast dividend yield is 4.2%, higher than SHK PPT (00016.HK) at 3.1%, UBS believes funds may shift towards the former once the uncertainty surrounding the dividend cut is resolved. UBS has given HENDERSON LAND a target price of HKD30.5 and a Neutral rating. AAStocks Financial News |
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