[ET Net News Agency, 24 March 2021] Goldman Sachs lifted its target price for Henderson
Land (00012) to HK$35 from HK$34 and maintained its "neutral" rating.
The research house thinks this set of earnings likely reflects the tough operating
environment amid COVID-19. Goldman looks for alpha opportunities as sector valuations
continue to recover from pandemic-driven extreme levels.
Fundamentally, Goldman thinks the potentially slower pace of land formation/supply to
the private residential segment by the government will benefit developers with large
landbanks plus the largest farmland reserve.
Goldman also sees this set of results largely reflect the diverse earnings pillars, e.g.
HKCG (00003), for Henderson Land yielding a solid delivery. It revised its 2021-23 EPS
forecasts by up to 2%. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00012 HENDERSON LAND
Nominal 
23.200 -0.250 (-1.066%) Others
24/03/2021 14:47
{I-bank focus}Goldman lifts Henderson Land (00012) to HK$35
| Remark: | Real time quote last updated: 16/04/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |