Hongkong Land Holdings' dividend-per-share growth is likely to persist, CGS International analysts say in a research report as the brokerage maintains a hold rating on the stock.
As management intends to pay 60%-80% of recurring income as dividends, the property investment, management and development group will probably continue to grow its DPS by $0.01 a year in 2025-2026, the analysts estimate.
Its investment property portfolio expansion in China and other Asian countries could also lead to higher earnings stability in long term.
However, the brokerage cuts the company's net asset value by 2% to reflect revised development properties' sales assumption, and lowers the target price to $4.82 from $4.95.
Shares are 0.5% higher at $4.40.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.