HK Stock Market Move | HENDERSON LAND (00012) rose nearly 4% after its performance, with annual shareholders' profit reaching HK$5.653 billion. Institutions remain optimistic about the company's future profit recovery.

HENDERSON LAND (00012) rose nearly 4% after the performance report, and as of the time of writing, it has risen by 1.87% to 30.6 Hong Kong dollars, with a turnover of 6.07 billion Hong Kong dollars. In terms of news, HENDERSON LAND announced its full-year performance for 2025, with the group achieving a revenue of 25.741 billion Hong Kong dollars, an increase of 1.92% year-on-year; the company's profit attributable to shareholders was 5.653 billion Hong Kong dollars, a decrease of 10.21% year-on-year; basic earnings per share were 1.17 Hong Kong dollars; and a final dividend of 0.76 Hong Kong dollars per share is proposed. The announcement stated that the decrease in underlying profit was mainly due to the government reclaiming some New Territories land last year, and the disposal of the controlling company's equity in an investment property in North Point (i.e. Harbour East) resulting in a total attributable income of approximately 4.768 billion Hong Kong dollars; while the income derived from land acquisition this year was only 599 million Hong Kong dollars. Goldman Sachs released a research report stating that due to the lack of one-off significant profits like the Hong Kong government's acquisition of New Territories farmland in 2024, HENDERSON LAND's underlying profit for 2025 decreased by 38% year-on-year to 6.1 billion Hong Kong dollars, in line with the bank's and the market's expectations. The bank stated that they still view the company as one of the stocks benefiting the most from the upturn in the Hong Kong residential market, and expect strong earnings recovery in the future, with a compound annual growth rate of over 20% from 2026 to 2028, mainly due to the company's abundant saleable resources; its 40.5 million square feet of farmland can be monetized or exchanged, merging with adjacent plots for future development.