00014 HYSAN DEV
- 12.720
- -0.080-0.63%
HYSAN DEV News
Hysan Development's Subsidiary to Renew Lease of Premises With Jebsen & Co
Hysan Development Renews Lease With Jebsen & Co.
[Brokerage Focus] CICC pointed out that the policy address provided limited support for Hong Kong real estate, but it will have a positive long-term impact on the industry.
King's Financial News | CICC released research reports, stating that the Chief Executive of Hong Kong has just announced the 2024 Policy Address, introducing population, economic, and housing policies favorable to the real estate industry. Although these incremental policies may be limited in scope and may disappoint some market participants to a certain extent, the reality is that the Hong Kong government does not have a lot of room for policy relaxation. Policy initiatives to attract talent and promote the economy may be the best outcome the industry can expect. The firm believes that these policies will have a positive impact on the real estate industry over time, especially for companies focused on community retail like Link and other house rental companies like N
DaHua Jixian: Easing policies may have a positive short-term impact on the market. Prefer SHK PPT and Link REIT property funds.
Dah Sing released a research report stating to maintain a 'synchronized with the market' rating for the real estate industry, and to list SHK PPT (00016) and Link REIT (00823) as top picks, both rated as 'buy', with target prices of HK$103 and HK$45.05 respectively. For Hysan Dev (00014) and Wharf REIC (01997), they also receive a 'buy' rating with target prices of HK$16.1 and HK$32.8. The bank mentioned that the latest Policy Address continues to introduce loose policies supporting the real estate market demand, optimizing the new capital investor immigration scheme, allowing investment in residential properties, and property transaction prices.
HSBC Upgrades Hysan Development to Buy From Hold; Price Target Is HK$18.40
Hysan Development's Unit to Issue $4 Billion Medium-Term Bonds
These 4 Measures Indicate That Hysan Development (HKG:14) Is Using Debt Extensively
UBS Group: Preferring developer stocks, with Henderson Land and Kerry Properties as top choices.
UBS Group released a report stating that due to the cyclical downturn in the residential market, the bank is more bullish on developers rather than house rental companies because strong rental growth indicates a healthy potential supply/demand. The bank expects real estate sales and prices to stabilize as interest rates become more favorable. TaiKoo (01972), Henderson Land (00012), and Kerry PPT (00683) are its top picks. UBS Group stated that Hong Kong's retail sales in August decreased by 10.1% year-on-year, reaching only 29 billion Hong Kong dollars, slightly below the market consensus of a 9% year-on-year decline, but the year-on-year decline has slightly narrowed. The bank estimates that there are a significant number of Hong Kong people leaving the city, while on the other hand, the numbers
Daiwa: Expects Hong Kong's retail sales growth rate to remain negative in the second half of the year, prefers Link and rates it as a "shareholding".
Morgan Stanley released a report stating that Hong Kong's August retail sales narrowed by 10% year-on-year (July: -12%), despite a record high number of Hong Kong residents traveling abroad, the data still exceeded the bank's expectations. The visibility of recent improvements in retail sales remains very low. The bank's top pick is Link REIT (00823), with an investment rating of "shareholding". Morgan Stanley pointed out that Wharf REIC (01997), Link and Hysan Dev (00014) have underperformed the Hang Seng Index by 23-40 percentage points since the beginning of the year. Retail sales were negative in March. The bank expects Hong Kong's retail sales growth rate to remain negative in the second half of this year, indicating a negative trend for these stocks.
[Brokerage Focus] BOC International believes that the Fed's rate cut has already been reflected in the stock prices of Hong Kong property stocks. Bullish on trading after the rate cut, focusing on Link REIT (00823) and Henderson Land (00083).
King's Financial News | ICBC International issued research reports, believing that the Fed rate cut has been largely reflected in the prices of Hong Kong property stocks, expecting Hong Kong interest rates to not follow the rate cut before the end of this year, and that interest rates are just one of the factors affecting property stocks. The bank stated that due to Hong Kong not following the rate cut in the short term, it is expected that the sales volume of first-hand residences in Hong Kong will remain stagnant, leading to further adjustments in residential property prices. Currently, there is an oversupply in the property market, requiring a pause in land supply for a period of time. In addition, the sensitivity of major developers' rental business to interest rate cycles is lower than that to economic cycles, and it is estimated to take 1-2 years for recovery. The most direct benefit of the rate cut for developers is reduced interest expenses. The bank estimates
Hysan Development Alters Dividend Record Date
HYSAN DEVELOPMENT To Go Ex-Dividend On September 9th, 2024 With 0.06927 USD Dividend Per Share
Hysan Dev (00014) will distribute an interim dividend of HK$0.27 per share on September 20th.
Hysan Dev (00014) announced that it will distribute by September 20, 2024, for the period ending on June 30, 2024...
Hong Kong property stocks generally rose, with Wharf REIC (01997) up 3.48%. Institutions predict that Hong Kong residential property prices will rebound by 5% next year.
Golden Information | Hong Kong property stocks are generally rising, with Wharf REIC (01997) up 3.48%, Hysan Dev (00014) up 2.45%, SHK PPT (00016) up 2.17%, Henderson Land (00012) up 2.15%, and New World Dev (00017) up 2.12%. Morgan Stanley published a research report indicating that Hong Kong is in a unique position to benefit from lower interest rates in the U.S. and higher economic growth in China. Market expectations are that the U.S. will cut interest rates, which is a bullish factor for Hong Kong real estate developers. Currently, property developers' valuations are at historic lows.
Express News | Hysan Development H1 Adjusted Net Income HKD 2 Million
HYSAN DEV: Interim Report 2024
Analysts' Opinions Are Mixed on These Real Estate Stocks: Acadia Realty (AKR), Hysan Development Co (OtherHYSNF) and VICI Properties (VICI)
[Hong Kong Stock Connect] Hysan Dev (00014) rises 2.47% against the market trend, Goldman Sachs says its yield is higher than its peers.
Gold Bulls Financial News | Hysan Dev (00014) rose against the market. As of the time of publication, it rose 2.3%, with a price of HKD 12.46 and a turnover of HKD 54.0151 million. Goldman Sachs released a research report stating that the target price of the company has been raised by 4.1%, from HKD 14.6 to HKD 15.2. The earnings per share for fiscal years 2024-2026 of the company have been adjusted down by 7%-0%, with a 'Neutral' rating. Goldman Sachs pointed out that the company's return rate of 9.5% is more attractive compared to the industry's 6-8% return rate. CICC International also released a research report stating that the target price of the company has been raised from HKD 10 to HKD 13, with a rating of
Goldman Sachs: Upgraded hysan dev to a 'neutral' rating, with a target price raised to 15.2 Hong Kong dollars.
Goldman Sachs released a research report stating that the target price of Hysan Dev (00014) has been raised by 4.1%, from HK$14.6 to HK$15.2, possibly due to its management's announcement of maintaining dividends. The company's earnings per share for the fiscal years 2024-2026 were revised down by 7%-0%, with a 'Neutral' rating. Goldman Sachs points out that the company's 9.5% yield is more attractive compared to the industry's 6-8% yield. The report states that Hysan Dev declared a net profit of 0.427 billion Hong Kong dollars in the first half of the year, including a revaluation loss of 0.197 billion Hong Kong dollars, mainly from the office building investment portfolio and the 'Forest Hills at Tai Po' residence project (0.17 billion.
Goldman Sachs: Hysan Dev (00014) upgraded to "neutral" rating, target price raised to 15.2 Hong Kong dollars.
Goldman Sachs lowered the earnings per share of hysan dev (00014) for the 2024-2026 fiscal years by 7%-0%.
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