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<Research>UBS: HK Govt Reclaims Private Land at San Tin Technopole, Sam Po Shue Wetland Conservation Park; HENDERSON LAND Expected to Benefit from Its 6.1M Sq Ft of Farmland
The Hong Kong government announced yesterday (10th) the reclamation of the land for the first phase development of the San Tin Technopole and Sam Po Shue Wetland Conservation Park,...
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<Research>UBS: HK Govt Reclaims Private Land at San Tin Technopole, Sam Po Shue Wetland Conservation Park; HENDERSON LAND Expected to Benefit from Its 6.1M Sq Ft of Farmland
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The Hong Kong government announced yesterday (10th) the reclamation of the land for the first phase development of the San Tin Technopole and Sam Po Shue Wetland Conservation Park, the first batch of which will involve about 62 hectares.

UBS wrote in its research report that this announcement is expected to bring a positive surprise to the market since HENDERSON LAND (00012.HK)  -0.200 (-0.753%)    Short selling $26.37M; Ratio 28.846%   held a reserve of 6.1 million square feet of farmland at San Tin Technopole as of December 2024.

Related NewsUBS: HENDERSON LAND (00012.HK) Plans to Issue $8B Worth of CB; Negative Impact Expected on Shr Price
Based on the latest land acquisition price of HKD1,032 per square foot, it is estimated that in the most extreme scenario, if all farmland reserves at San Tin Technopole are reclaimed, HENDERSON LAND could receive up to HKD6 billion in cash. In this case, the company would record a 78% profit margin on sales or a pre-tax profit of HKD4.9 billion.

Viewing HENDERSON LAND's valuation as attractive, UBS reiterated a Buy rating on the company with a target price of HKD29.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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