Morgan Stanley: Predicts that Henderson Land (00012) stock will outperform the market in the next 60 days. Rated as "Hold".

Morgan Stanley released a research report stating that they expect HENDERSON LAND (00012) to announce their first half year performance for 2026 in late August. With the recognition of high-profit projects such as "The Legacy" in the beautiful tower rebuilding project in West Mid-Levels, as well as the additional rental contribution from "The Henderson" in Central, Henderson Land's basic profit is expected to increase by 27% year-on-year. In addition, the bank expects the interim dividend per share to be maintained at HK$0.5, with a full-year dividend of HK$1.3 per share, resulting in a dividend yield of 4.8%. Morgan Stanley maintains a "hold" rating on Henderson Land with a target price of HK$31. The report points out that Henderson's progress in land resumption may be implemented in the second half of 2026, which could result in earnings per share far exceeding dividends, with excess cash to be used for deleveraging. Morgan Stanley believes that Henderson's stock price will rise relative to the market in the next 60 days, with a probability of this scenario occurring being over 80%.