Stock Name: HongkongLand USD
Company Name: HONGKONG LAND HOLDINGS LIMITED
Company Name: HONGKONG LAND HOLDINGS LIMITED
| Research House: Credit Suisse | Price Call: BUY | Target Price: 9.60 |
SINGAPORE (Jan 26): Credit Suisse has raised its price target for Hongkong Land to US$9.60 from $9.09 after revising its earnings per share estimates for 2014 to 2016, mainly to factor in higher revenue recognition from the company's property trading projects in Singapore and China.
The property group is slated to announce FY2014 results in late January.
Its underlying profit could come in at US$943 million ($1.18 billion), up 1%, according to Credit Suisse analysts Joyce Kwock and Wayne Lee.
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