Hongkong Land USD (H78.SI) saw its stock price soar 3.07% during intraday trading on Friday. The significant upward movement follows the company's recent financial disclosures and positive analyst commentary.
The property developer reported a return to profitability for 2025, booking an attributable profit of $1.26 billion compared to a loss of $1.39 billion the previous year. The company also declared a final dividend of $0.19 per share, representing a 12% year-on-year increase.
Analysts at DBS highlighted the company's strong financial position, noting it may have scope to raise dividends further and pursue prime investment opportunities through capital-recycling efforts. They also pointed to continuing share buybacks as a potential near-term boost for the share price. DBS raised its target price for Hongkong Land and maintained a buy rating on the stock.