00014 HYSAN DEV
- 10.940
- -0.020-0.18%
HYSAN DEV News
Hysan Development Announces Upcoming Board Meeting
Hysan Dev (00014.HK) plans to hold a board of directors meeting on August 23 to approve the mid-term performance.
Hysan Dev (00014.HK) announced that the board of directors meeting will be held on Friday, August 23, 2024 to approve the mid-year performance of the company and its subsidiaries for the six months ending June 30, 2024, and to consider the distribution of the first mid-year dividend for 2024.
HYSAN DEV: Date of Board Meeting
Hysan Development (HKG:14) Adds HK$431m to Market Cap in the Past 7 Days, Though Investors From Five Years Ago Are Still Down 61%
Hong Kong property stocks perform weakly, with Wharf REIC (01997) falling 3.38%. Institutions point out that the current Hong Kong property market is difficult to say whether there is a major turning point in the cycle.
Jinwu Finance News | Hong Kong property stocks have performed poorly, with Wharf REIC (01997) falling by 3.38%, Sino Land (00083) falling by 1.84%, Hysan Dev (00014) falling by 1.78%, Henderson Land (00012) falling by 1.42%, and New World Dev (00017) falling by 1.46%. China International Capital Corporation has released a research report stating that Hong Kong's economy will experience moderate growth in the first quarter of 2024, with GDP rising 2.7% year-on-year and 2.3% quarter-on-quarter. After the Hong Kong government withdrew the spicy measures, the first-quarter volume of Hong Kong residences increased significantly month-on-month (with a higher increase in the proportion of new homes, reaching 54%).
Goldman Sachs: Optimistic about the overall situation of Swire Pacific, rated as "buy", target price of HKD 78.
Goldman Sachs points out that Hang Lung Properties is more capable of benefiting from the long-term growth of China's middle-class luxury goods consumption.
Private Companies Among Hysan Development Company Limited's (HKG:14) Largest Stockholders and Were Hit After Last Week's 3.1% Price Drop
Hysan Development (HKG:14) Takes On Some Risk With Its Use Of Debt
Hysan Development Repurchases Securities Worth Almost $100 Million
Hysan Development bought back and cancelled outstanding securities with a total principal amount of $99.995 million
Hysan Development (00014) issued an announcement relating to the partial repurchase and cancellation of US$850 million sub-guaranteed perpetual capital securities. As of the date of this announcement, the company has repurchased some of the outstanding securities with a total principal amount of 99.995 million US dollars in accordance with the offer, accounting for about 11.76% of the total initial issuance of securities. As of the date of this announcement, the repurchased securities have been cancelled in accordance with the terms and conditions of the securities. After the cancellation of the purchased securities, the total principal amount of the outstanding securities as of the date of this announcement was US$750 million, accounting for about 88.24% of the total initial principal amount of the securities.
Hysan Development (00014) repurchased and cancelled outstanding securities with a total principal amount of $99.995 million
Hysan Development (00014) issued an announcement relating to the partial repurchase and cancellation of US$850 million sub-guaranteed perpetual capital securities...
A Look At The Intrinsic Value Of Hysan Development Company Limited (HKG:14)
HYSAN DEV: Annual Report 2023
Is Hysan Development Company Limited (HKG:14) Potentially Undervalued?
Hysan Development Company Limited Goes Ex Dividend Tomorrow
Bank of America Securities: The target price for the “buy” rating for Hysan Development was lowered to HK$16.5
Bank of America Securities released a research report stating that in the “buy” rating for Hysan Development (00014), the target price was lowered from HK$17.2 to HK$16.5, reflecting a reduction in the NAV forecast per share, and a 4% to 7% reduction in the earnings forecast per share for the current year and next two years, as accounts for the Lam Hai Shan Shing project in Tai Po were slower than expected. According to the report, the company's performance last year fell slightly short of expectations, and the dividend per share was reduced to 1.08 yuan, which is equivalent to a dividend ratio of 61%. Management reiterated a steady increase in future dividends. The bank believes profits have bottomed out and expects retail revenue to increase by 6% this year to offset the decline in office rents. Hysan's share price is equivalent to each share
Analysts Offer Insights on Real Estate Companies: Host Hotels & Resorts (HST), Hysan Development Co (OtherHYSNF) and Mapletree Logistics (OtherMAPGF)
DBS: Maintaining the Hysan Development (00014) “Buy” Rating Target Price Reduced to HK$17.16
DBS believes that the refurbishment of the Lee Gardens business district will bring long-term value growth.
HYSAN DEVELOPMENT To Go Ex-Dividend On March 6th, 2024 With 0.20712 USD Dividend Per Share
Lyon: Lowered Hysan Development's rating to “outperform the market”, and the target price was reduced to HK$14.2
Lyon released a research report saying that Hysan Development (00014)'s profit forecast for this year and next two years was lowered by 18.1% and 23.1%, reflecting a reduction in sales and profitability assumptions for its joint venture housing project. The target price was lowered from HK$20.3 to HK$14.2, and the rating was downgraded from “buy” to “outperform the market.” The bank indicated that due to the weak office market and the refurbishment of the retail property portfolio, Hysan's recurring basic profit fell 11.2% year over year. I was also disappointed with Hysan's 25% cut in dividends, but understood management's concerns about the business challenges. Furthermore, it was mentioned that management intends to maintain a stable progressive faction after cutting dividends
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