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<Research>BofAS Expects SINO LAND (00083.HK) Profit Recovery to Take Time, Reiterates Buy Rating on Potential Div. Hike
Recommend 4 Positive 4 Negative 2 |
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SINO LAND (00083.HK) recorded a slight YoY decline of 0.9% in its underlying net profit to $2.22 billion for 1HFY2026 ended December 2025, 6% below BofA Securities' forecast, mainly due to lower contributions from associated companies, according to a research report issued by BofA Securities. However, the broker still reiterated rating at Buy, with a target price of $13.3. BofA Securities anticipated that SINO LAND's profit will not see significant recovery until FY2027, as the Group still has land projects with higher land costs to account for. Nonetheless, the management is currently more open to increasing dividends in the short term and no longer emphasizes EPS growth as a prerequisite. AASTOCKS Financial News |
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