Hong Kong Stock Movement | Henderson Land Development (00012) rises over 3%, Goldman Sachs upgrades company rating and target price

LootboxPhobia · 2026-02-20T07:53:09+00:00

Henderson Land Development's stock price rose over 3%, with Goldman Sachs raising its forecast for Hong Kong property price increases to 12%. Due to government policy stimulation of demand and rising rents, investment demand may increase. Goldman Sachs upgraded Henderson Land Development's rating from "Sell" to "Buy," with a target price raised to HKD 39.

LootboxPhobia

2026-02-20 07:53:09

Abstract generation in progress

Ticktock Finance APP reports that Henderson Land Development (00012) rose over 3%. As of the latest update, it increased by 3.18%, trading at HKD 33.74, with a turnover of HKD 369 million.

In news, Goldman Sachs released a research report stating that the forecast for Hong Kong property price increases this year has been raised from 5% to 12%. The report expects the government’s visa and immigration policies to boost demand. Additionally, strong rental growth (approximately 20% increase from 2023 to 2025), along with declining mortgage rates, may encourage more people to “rent-to-own.” Since the removal of the stamp duty at the start of fiscal year 2024, transaction costs have significantly decreased, which could also stimulate investment demand. The bank anticipates that future government policies will continue to support population growth, income growth, and housing affordability. Regarding stocks, the bank upgraded Henderson Land from “Sell” to “Buy,” believing it will benefit more from the upward cycle of the Hong Kong residential market, with a target price raised significantly to HKD 39.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes