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<Research>CLSA Lifts HYSAN DEV (00014.HK) TP to $18.3, Keeps Rating at Outperform
Recommend 2 Positive 5 Negative 2 |
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HYSAN DEV (00014.HK) recorded growth in revenue across all its property segments in 1H25, CLSA issued a research report saying. Due to the redevelopment of Lee Gardens, HYSAN DEV's retail portfolio outperformed the overall Hong Kong market, which is expected to continue driving profit growth over the next two years. The Company has initiated an $8 billion capital recycling plan, which should aid in deleveraging and enhancing shareholder returns. Given HYSAN DEV's operational outperformance and the rising expectations of interest rate cuts in the US, the broker lifted its target price for HYSAN DEV from $13.5 to $18.3, with rating kept at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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