However, a team of analysts at DBS Group Research have maintained their "buy" on this stock, along with a slightly higher target price of US$7.70 from US$7.60, as they cheer efforts by the company's ongoing recycling of mature assets.
Hongkong Land Holdings has reported a 13% y-o-y drop in underlying earnings for its 3QFY2025 ended Sept, as it enjoyed lower contributions from its Hong Kong office portfolio and also incurred pre-opening costs for its prime investment properties in China.
For the full year FY2025, the company’s underlying earnings, excluding provisions, are expected to be lower.
