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HKG:0012

4 stories mentioning HKG:0012Updated 24d ago

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Asia

Hong Kong Stocks Rise on Tech, Property Gains; Henderson Land Jumps 7%

Hong Kong stocks closed higher Friday, supported by gains in technology shares and strength in property and insurance stocks, as the earnings season continues.The Hang Seng Index gained 310.97 points, or 1.2%, to close at 26,009.46, while the Hang Seng China Enterprises Index rose 86.50 points, or 1%, to 8,634.34.Aside from a barrage of corporate earnings updates, sentiment was also supported by expectations of further fiscal measures in China, with Vice Finance Minister Liao Min saying the government would increase spending aimed at households and consumption to support domestic demand. Xinhua reported that the new package will be rolled out in the latter half of the year.In company news, Henderson Land Development (HKG:0012) jumped more than 7% a day after reporting that first-half attributable profit increased to HK4.09billionfromHK2.91 billion a year earlier.Ping An Insurance (Group) (HKG:2318) rose 4% after reporting a 36% increase in first-half attributable net profit to 92.6 billion yuan.

Hang SengHKG:0012HKG:2318
Asia

Henderson Land Posts Higher Attributable Profit in H1

Henderson Land Development's (HKG:0012) attributable profit increased to HK$4.09 billion in the first half from HK$2.91 billion a year ago, according to a Thursday filing with the Hong Kong bourse.Earnings per share at the property company climbed to HK$0.81 from HK$0.60 in the prior-year period.Revenue increased to HK$17.2 billion from HK$9.6 billion in the year-ago period.The company declared an interim dividend of HK$0.50 per share, payable Sept. 17 to shareholders on record as of Sept. 8.

HKG:0012
Asia

Hong Kong Awards Central Harbourfront Site to Henderson Land JV on Five-Year Lease

Hong Kong's Development Bureau has awarded a five-year tenancy of the Central Harbourfront Event Space to Central Grand, a joint venture between Henderson Land Development (HKG:0012) and YW Company, according to a Thursday press release.The tenancy will commence on July 1, with the 3.7-hectare site to be managed and operated for events under enhanced venue requirements at a monthly rent of HK$1.5 million.The government said the winning proposal features large-scale commercial events aimed at boosting tourism and the "mega-event economy," alongside free public access when no events are held.The operator will also provide free facilities and ensure parts of the site remain open during non-event periods or when space is unused.

HKG:0012
Asia

Market Chatter: MTR Draws Eight Bids for Kam Sheung Road Phase 2 Project

MTR (HKG:0066) received eight bids for its Kam Sheung Road Station Phase 2 project on Monday after attracting 31 expressions of interest, The Standard reported Monday.The site is valued at HK$3.62 billion to HK$7.24 billion, or HK$3,000 to HK$6,000 per square foot, and is expected to provide about 1,290 flats across 1.21 million square feet, according to the report.Bidders included CK Asset (HKG:1113), Henderson Land (HKG:0012), Sun Hung Kai Properties (HKG:0016), K. Wah International (HKG:0173), and Wheelock Properties, among others, the report said.MTR also plans to launch the tender for Tuen Mun A16 Station Package 2 after conducting market consultation this month, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0012HKG:0016HKG:0066HKG:0173HKG:1113

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