Sino Land Seems to Be Accelerating Land Bank Replenishment -- Market Talk

Dow Jones04-23 10:18

0218 GMT - Sino Land appears to be accelerating its land bank replenishment, which should support the property company's earnings growth, DBS Group Research analysts say in a commentary. The developer has added three residential sites since August that will likely deliver more than 2,500 residential units collectively upon completion, they write. Sino Land's strong net cash holdings and robust property sales should be able to fund further land acquisitions, the analysts add. The stock is trading at around a 38% discount to DBS's estimated net asset value. DBS retains its buy rating and HK$14.20 target price on Sino Land. Shares rise 1.6% to HK$12.36. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 22, 2026 22:18 ET (02:18 GMT)

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