Daiwa: Expects Henderson Land Development (00012.HK) stock price to outperform the market in the next 60 days; rating remains at "hold"

According to the Zhtng Cijng (Smart Finance) APP, Morgan Stanley has released a research report stating that it is expected that Henderson Land Development (00012.HK) will announce its first half year results for 2026 in late August. With the inclusion of high-profit projects such as "The Legacy" in the beautiful terrace redevelopment project in West Mid-Levels, and the additional rental income from "The Henderson" in Central, it is projected that Henderson's basic profit will increase by 27% year-on-year. In addition, the bank expects the mid-term dividend per share to remain at 0.5 Hong Kong dollars, with an annual dividend per share of 1.3 Hong Kong dollars, which implies a dividend yield of 4.8%. Morgan Stanley maintains its "overweight" rating on Henderson Land, with a target price of 31 Hong Kong dollars.