Jefferies Keeps Their Buy Rating on Henderson Land Development Co (HLDVF)

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In a report released today, Sam Wong from Jefferies maintained a Buy rating on Henderson Land Development Co (HLDVFResearch Report), with a price target of HK$25.50. The company’s shares closed last Thursday at $2.78.

According to TipRanks, Wong is an analyst with an average return of -5.7% and a 35.71% success rate. Wong covers the Financial sector, focusing on stocks such as Ping An Insurance Company of China, BOC Hong Kong (Holdings), and Bank of East Asia.

In addition to Jefferies, Henderson Land Development Co also received a Buy from DBS’s Jeff Yau in a report issued on March 22. However, on the same day, Goldman Sachs maintained a Hold rating on Henderson Land Development Co (Other OTC: HLDVF).

The company has a one-year high of $3.57 and a one-year low of $2.42. Currently, Henderson Land Development Co has an average volume of 4,383.

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Henderson Land Development Co (HLDVF) Company Description:

Henderson Land Development Co. Ltd. is an investment holding company, which engages in the property development and investment, construction, infrastructure, hotel operation, finance, department store operation, and project management. It operates through the following business segments: Property Development; Property Leasing; Department Store Operation; Others Businesses; and Utility and Energy. The Property Development segment involves in the development and sale of properties. The Property Leasing segment offers leasing of properties. The Department Store Operation segment comprises of department store operations and management. The Other Businesses segment is comprised of hotel operation and management, construction, provision of finance, investment holding, project management, property management, agency services, cleaning and security guard services, as well as the trading of building materials and disposal of leasehold land. The Utility and Energy segment consists of production, distribution and marketing of gas, water supply, and energy businesses. The company was founded by Shau Kee Lee in 1976 and is headquartered in Hong Kong.