Henderson Land Development (OTCMKTS:HLDCY - Get Free Report) will likely be issuing its results before the market opens on Monday, March 23rd. Analysts expect Henderson Land Development to post earnings of $0.1088 per share and revenue of $2.6923 billion for the quarter. Henderson Land Development Trading Up 0.2% Shares of HLDCY opened at $3.89 on
I upgrade HLDCY to Buy, considering a leasing transaction done on favorable terms and positive interest rate trends. The recent property lease sends a clear message that there is strong interest in setting up offices in Hong Kong, HLDVF's home market. Falling HKD interest rates support both HLDCY's residential property sales and its finance expense reduction.
My rating for Henderson Land is revised to a Hold, after considering its recently disclosed financial metrics and possible actions to address the stock's depressed valuations. The underperformance of HLDCY's Mainland Chinese residential property business and its substantial finance expenses are the key negative takeaways from its second-half '24 results. Henderson Land is trading slightly above one-third of book value; there are multiple things that management can do to correct the undervaluation of the company's shares.