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DBS: Maintains HYSAN DEV "Buy" rating with the Target Price adjusted to HK$14.38.
DBS has released a research report stating that it maintains a "Buy" rating for HYSAN DEV (00014), with the target price adjusted from HKD 15 to HKD 14.38, believing that the stock price has already reflected negative factors. The report states that as the portfolio expands and renovation projects are completed, HYSAN DEV's rental income will improve. After the complete renovation of Lee Gardens, HYSAN's luxury retail property portfolio will have more than 10 renovated and expanded flagship stores, with a 40% increase in occupied area compared to before. Additionally, DBS states that the rental contribution from Lee Gardens in Shanghai, acquired by HYSAN in 2021, continues to grow, with the office pre-leasing commitment rate rising to about 80%. Furthermore, Lee Gardens 8
DBS Sticks to Its Buy Rating for Hysan Development Co (HYSNF)
Hysan Development Schedules Board Meeting for Financial Results and Dividend Consideration
HYSAN DEV (00014.HK) intends to hold a Board of Directors meeting on February 18 to approve the annual performance.
Gelonghui, January 13th丨HYSAN DEV (00014.HK) announced that the company will hold a Board of Directors meeting on February 18, 2025 (Tuesday) to approve the full-year performance and its announcement for the year ending December 31, 2024, as well as to consider the distribution of the second interim dividend for 2024.
HYSAN DEV: Date of Board Meeting
Hong Kong Property Stocks fell broadly, with NEW WORLD DEV (00017) down 3.46%. UBS Group has downgraded its Hong Kong property price forecast for this year, and DBS expects the property price performance to be pessimistic this year.
Golden Financial News | Hong Kong Property Stocks declined overall, NEW WORLD DEV (00017) fell 3.46%, HYSAN DEV (00014) fell 2.9%, HENDERSON LAND (00012) fell 2.4%, SHK PPT (00016) fell 2.25%, WHARF REIC (01997) fell 2.16%, SWIRE PACIFIC A (00019) fell 1.6%. UBS Group released a Research Report stating that last year, stocks with capital recycling plans (land, SWIRE) and sustainable high dividend yields (Kerry, HENDERSON LAND) performed better than the market, and a similar trend is expected this year. The firm stated that the Residence market is
