HYSNY HYSAN DEVELOPMENT
- 3.160
- +0.085+2.76%
HYSAN DEVELOPMENT News
Hysan Development Repurchases Securities Worth Almost $100 Million
Hysan Development Company (HKG:0014) repurchased and cancelled securities worth almost $100 million, representing about 11.76% of the company's issued securities, according to a Sunday filing on the H
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)
Key Insights Using the Dividend Discount Model, Hysan Development fair value estimate is HK$10.61 With HK$12.06 share price, Hysan Development appears to be trading close to its estimated fair value
HYSAN DEV: Annual Report 2023
Is Hysan Development Company Limited (HKG:14) Potentially Undervalued?
While Hysan Development Company Limited (HKG:14) might not have the largest market cap around , it saw significant share price movement during recent months on the SEHK, rising to highs of HK$15.
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
February 24th - $HYSAN DEVELOPMENT(HYSNY.US)$ is trading ex-dividend on March 6th, 2024. Shareholders of record on March 7th, 2024 will receive 0.20712 USD dividend per share on April 1st, 2024. T
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
Lyon: Hysan Development (00014) rating downgraded to “outperform the market”, and the target price was reduced to HK$14.2
Lyon lowered Hysan's (00014) profit forecast for this year and next two years by 18.1% and 23.1%.
Buy Rating Affirmed for Hysan Development: Resilience and Growth Potential Amid Economic Challenges
Bank Ratings | Damo: Yu Xishen's “increase” rating and target price of HK$20 cut in dividends are still insufficient to cover cash profits
According to a report published by Morgan Stanley, Hysan's core profit after deducting interest from permanent projects fell 17% to HK$1.39 billion last year, 16% lower than the bank's forecast, mainly due to lack of accounts for the Linhai Mountain City project, delays in Shanghai Lee Garden's contribution, and low EBIT profit margin. Annual dividends were reduced by 25% to HK$1.08, equivalent to a dividend ratio of 7.9%. Last year's cash dividends totaled HK$1.1 billion, which were not covered by an estimated cash profit of HK$800 million. Hysan's retail rental revenue fell 3% year-on-year in the second half of last year because 10% of the retail space was renovated, the level of rental renewal was positive, and the EBIT profit margin was lower than the previous year
Major Bank Ratings | UBS: Lowering Hysan's Target Price to HK$23.8 Profit and dividends fell short of expectations
According to a research report published by UBS, Hysan's core profit fell 17% year-on-year to HK$1.39 billion last year, which is lower than the forecast of this bank. Hysan's final dividend of HK81 cents per share decreased by 31% year-on-year. The dividend for the full year was HK$1.08 per share. That is, the dividend ratio fell from 88% to 80%, which was also lower than UBS's expectations. UBS pointed out that Hysan's debts of HK$158 million and HK$2.8 billion will be due this year and next, respectively. There are plenty of cash on hand and unwithdrawn revolving loans. It is believed that related debts can be repaid. After the final dividend cut, it is expected to achieve a positive operating cash flow of HK$308 million in 2023. Consider Lee Garden's asset enhancer
HYSAN DEV To Go Ex-Dividend On March 6th, 2024 With 0.81 HKD Dividend Per Share
February 22nd - $HYSAN DEV(00014.HK)$ is trading ex-dividend on March 6th, 2024. Shareholders of record on March 7th, 2024 will receive 0.81 HKD dividend per share on March 22nd, 2024. The ex-divi
Hysan Development will pay the second interim dividend of HK$0.81 per share in 2023 on March 22
Hysan Development (00014) announced that it will pay the second interim dividend of HK$0.81 per share in 2023 on March 22, 2024.
Hysan Development's 2023 Loss Narrows; Misses EPS, Revenue Estimates
Hysan Development's (HKG:0014) attributable loss narrowed to HK$872 million, or $0.85 per share, in 2023, from HK$1.16 billion, or HK$1.12 per share, in the previous year, a Thursday filing said. Anal
Hysan Development (00014) announces annual results, loss attributable to shareholders of HK$872 million narrows by 24.63% year-on-year, and plans to pay a second interim dividend of HK81 cents per share
Hysan Development (00014) announced results for the year ended December 31, 2023. The group achieved sales during the period...
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