CICC: Upgrades Henderson Land Development (00101) target price to HKD 8.9, maintains "outperform" rating in the industry.

According to the Zhixin Finance APP, CICC released a research report stating that it maintains its unchanged profit forecast for Hang Lung Properties (00101) for the years 2025-26. It also maintains an outperform rating and raises the target price by 11% to 8.9 Hong Kong dollars per share, corresponding to a target core P/E of 14.5 times in 2025, a target dividend yield of 5.8% in 2025, and a 12% upside potential. The main considerations are the improvement in Mainland shopping center operations and the company's stable financial management. The company is trading at 12.9 times the core P/E in 2025 and a 6.5% dividend yield in 2025.