Citigroup: Hang Lung Properties (00012.HK) New Central Waterfront Pre-Leasing Exceeds Expectations, Expected Stable Dividend Payout for the Whole Year, Target Price of 25.6 Hong Kong Dollars

According to the Wise Wealth APP, Citigroup has released a research report stating that it predicts that the profit performance of Henderson Land Development (00012.HK) in the first half of 2025 may be weak, and the overall profit stability for the full year will depend on whether projects such as 8 Best Lane can be sold by the end of the year, as well as the progress of government land recovery. However, it is expected that annual dividends will remain stable. The "buy" rating is maintained with a target price of HK$25.6.