- Henderson Land's adjusted underlying profit attributable to equity shareholders would have declined by only -4% YoY in 1H 2020, if one-off disposal gains from sales of property interests were excluded.
- Looking ahead, Henderson Land's property development business is expected to remain the bright spot, while the property leasing business is likely to remain under pressure.
- Henderson Land trades at 0.44 times P/B and 9.9 times consensus forward FY 2021 P/E, and it offers a consensus forward FY 2021 dividend yield of 6.4%.
For further details see:
Henderson Land: Mixed Outlook