Shares of Henderson Land (HK:0012) advanced to their highest level in more than two months on Tuesday, climbing 7.4% to HK$30.26 in Hong Kong trading, as the developer reported a sharp increase in first-half profit.
The Hong Kong-listed property group posted an underlying attributable profit of HK$5.07 billion for the six months ended June 30, a 66% year-over-year rise. Reported profit rose 41% to HK$4.09 billion, reflecting a HK$981 million fair-value loss booked during the period.
Revenue in Henderson Land’s Hong Kong property development segment surged 212% to approximately HK$11.88 billion, driven by a HK$1.57 billion gain from the government’s resumption of land lots in the New Territories. Pretax profit in the segment reached HK$3.3 billion. The interim dividend was maintained at HK$0.50 per share, unchanged from the prior year.
The stock’s gains extended a five-session winning streak, significantly outpacing the broader Hang Seng Index, which rose 0.68%. The rally follows a prolonged downturn in China’s property sector, marked by defaults and restructurings among developers, including the liquidation and delisting of Evergrande in Hong Kong amid persistently weak housing demand on the mainland.
Henderson Land plans to launch eight residential development projects for sale in Hong Kong during the second half of 2026, signaling continued investment in the market despite ongoing sector challenges.
