- Henderson Land reported an underlying profit of HK$3.05 billion for the first half of the year.
- The company achieved a net income of HK$2.91 billion.
- Revenue for the period was recorded at HK$9.55 billion.
- The gearing ratio as of the end of the period stood at 21.1%.
- Net debt at the end of the period was HK$67.42 billion.
- An interim dividend of 50 HK cents per share was declared.
- Market analysts provided mixed ratings: 7 buy recommendations, 7 holds, and 1 sell.
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Henderson Land Development on Smartkarma
Analysts on Smartkarma are closely watching Henderson Land Development, with insights from reputable sources like Brian Freitas and Asia Real Estate Tracker. Brian Freitas, in his report “Henderson Land (12 HK): Large Passive Flow Coming Up as Shorts Cover,” discusses the upcoming addition of Henderson Land to a global sector index on 20 June. He notes a potential significant passive buying of 42 million shares, indicating a bullish sentiment as shorts cover their positions. The stock’s recent performance has been positive, with no signs of excessive positioning when compared to peers.
Meanwhile, Asia Real Estate Tracker recently highlighted the passing of Henderson Land’s founder, Lee Shau-Kee, at the age of 97. This event occurred amidst challenges in the Chinese property market but with promising trends in Singapore’s real estate sector. The report also mentions optimism from M&G regarding the Japanese and Australian real estate markets. The legacy of Lee Shau-Kee continues to shape the industry, with Henderson Land Development attracting attention for its performance and strategic positioning in the market.
A look at Henderson Land Development Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Henderson Land Development shows a promising long-term outlook. The company scores high in Value and Dividend, indicating strong financial health and potential for good returns for investors. Additionally, with a respectable score in Momentum, there is positive market sentiment surrounding the company’s future prospects. Although the Growth and Resilience scores are slightly lower, the overall outlook for Henderson Land Development appears optimistic, positioning it as a solid investment option in the real estate sector.
Summary: Henderson Land Development Company Limited is a diversified company that focuses on property development, investment, and management. Alongside providing various services such as project management and finance, the company also operates in sectors like department stores, hotels, and infrastructure. With a balanced portfolio and solid scores across key factors, Henderson Land Development is well-positioned for long-term growth and stability in the real estate industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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