Hongkong Land Has Scope to Raise Dividends -- Market Talk

Dow Jones03-06 14:46

0646 GMT - Hongkong Land may have scope to raise dividends, DBS analysts say in a commentary. The Singapore-listed property company delivered a pleasant surprise with its full-year earnings, as its planned final dividend rose 12% on year to US$0.19 a share, beating DBS's estimates. The company is in a strong financial position and its real-estate fund is likely to enable more capital-recycling efforts, the analysts say. Hongkong Land could therefore pursue prime investment opportunities and consider higher dividends, they add. Its near-term share price could be boosted by continuing share buybacks, too. DBS raises its target price to US$10.17 from US$10.13 and maintains a buy rating. Shares rise 2.7% to US$8.37. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

March 06, 2026 01:46 ET (06:46 GMT)

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