On August 7, HENDERSON LAND fell 3.06% in regular trading, trading at HK$26.62/share, with turnover of HK$165 million.

On the news front, the company announced on August 6 that its board of directors will convene on August 20 to approve the publication of interim results for the six months ended June 30 and to consider the declaration of an interim dividend. Morgan Stanley expects interim dividend per share to remain at HK$0.5, maintaining an Overweight rating and a target price of HK$31.

At the sector level, the Real Estate Development sector came under broad-based selling pressure. Among individual stocks, China Resources Land fell 0.97%, Sunac declined 2.61%, China Overseas Development dropped 1.67%, CK Asset fell 0.38%, and Xinming China slid 1.08%. Earlier research from Huatai Securities noted that while Hong Kong residential markets have entered a volume-and-price recovery, profit recognition lags, with Hong Kong property development segment margins having bottomed in the prior fiscal year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)