UBS has released a research report indicating that Henderson Land's (00012) core profit for the last year was HK$6.1 billion, a decline of 38% year-on-year, which aligns with the bank's forecasts. The company reduced its final dividend to HK$0.76 per share. Combined with the interim dividend of HK$0.5 per share, the total dividend for the full year amounts to HK$1.26 per share, a decrease of 30% compared to the previous year, with the reduction broadly meeting market expectations. UBS has assigned Henderson Land a target price of HK$30.5 and a "Neutral" rating. Additionally, the report cited Henderson Land's management, which anticipates that, supported by the booking of the "High West" project in Mid-Levels West, the gross profit margin for development properties in Hong Kong will recover to a range of 17% to 19% (high teens) in the 2026 fiscal year.