Henderson Land jumps most in 22 months on strong H1, rivals climb
BUZZ-Henderson Land jumps most in 22 months on strong H1, rivals climb ** Shares of Henderson Land Development 0012.HK jump 8.4% to HK$30.56, set for biggest one-day pct rise since October 2024, and leading gains in Hong Kong-based property developers
** Stock hits highest level since June 3
** Top pct gainer in benchmark Hang Seng Index .HSI and Hang Seng Property Index .HSNP, which are up 0.7% and 1.7%, respectively
** Property developer says its H1 underlying profit attributable jumped 66% y/y to HK$5.07 billion ($646.54 million) on increase in profit contribution from local property sales and attributable gain from the government’s resumption of certain land lots in the New Territories
** Group plans to launch sale of eight development projects in Hong Kong in H2
** Rivals climb, with New World Development 0017.HK rising 2.9%, Sun Hung Kai Properties 0016.HK gaining 2.1%, CK Asset 1113.HK adding 1.6%, while Sino Land 0083.HK and Hang Lung Properties 0101.HK up 1.2% and 0.4%, respectively
** YTD, Henderson up 7.5%, Hang Seng Index .HSI up 0.9%
($1 = 7.8418 Hong Kong dollars)
(Reporting by Donny Kwok)
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