Elevator Pitch
I maintain a Neutral rating on Hong Kong-listed property company Hysan Development Company Limited (OTC:HYSNF) (OTCPK:HYSNY) [14:HK].
This is an update of my prior article on Hysan Development published on March 3, 2020. Hysan Development's share price has decreased by -13% from HK$28.20 as of March 2, 2020 to HK$24.50 as of September 3, 2020, since my last update. Hysan Development trades at 0.32 times P/B, and it offers a consensus forward FY 2020 dividend yield of 5.9%.
Hysan Development maintained the company's interim 1H 2020 dividend at HK$0.27