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HYSAN DEV (00014): Maintaining a cautiously optimistic attitude towards the Hong Kong property market, with multiple transactions per contract increasing the number of Consumer clients.
On February 18th, Hysan (00014) held a press conference for its full-year performance in 2024.
Bank of America Securities: The impact of sentiment in the Residence market is controllable, and it is expected that CKH HOLDINGS and CKH HOLDINGS will reduce last year's dividends.
Bank of America Securities released a Research Report stating that some Hong Kong developers are currently facing liquidity issues, raising market concerns about the impact of defaults on the Industry. The bank essentially predicts that the likelihood of defaults among major developers in Hong Kong over the next two years is low. Even in the event of defaults, the impact on the Residence market sentiment is manageable; however, Banks may tighten financing, and investment Property valuations may also be under pressure. It is anticipated that the upcoming financial budget will have relatively few policies targeting Real Estate. The bank is Bullish on SWIREPROPERTIES (01972) and LINK REIT (00823), believing they have sustainable high dividend yields, and is also Bullish on Hongkong Land, believing the company is currently...
Hysan Development Turns to Profit in 2024
Bank of America Securities: The impact of sentiment in the Residence market is manageable. It is expected that CKH HOLDINGS (01113) and CKH HOLDINGS (00001) will reduce their annual dividends.
Bullish on SWIREPROPERTIES (01972) and LINK REIT (00823), believing they have a sustainable high dividend yield.
HYSAN DEV will pay the second interim dividend of HKD 0.81 per share on March 19.
HYSAN DEV (00014) announced that the company will distribute the second interim dividend for 2024 of HK$0.81 per share on March 19, 2025.
HYSAN DEV announced its 2024 annual performance with a revenue of 3.409 billion HKD, an increase of 6.2% year-on-year.
HYSAN DEV (00014) announced its annual results for the year ending December 31, 2024, with a turnover of 3.409 billion Hong Kong dollars, an increase of 6.2% year-on-year; basic profit of 1.956 billion Hong Kong dollars, an increase of 6.8% year-on-year; profit attributable to owners of the company of 35 million Hong Kong dollars, compared to a loss of 0.872 billion Hong Kong dollars in the same period last year; basic earnings per share of 3 Hong Kong cents, with a proposed second interim dividend of 81 Hong Kong cents per share.
