Henderson Land Development (HLDCY) Projected to Post Earnings on Monday

Henderson Land Development (OTCMKTS:HLDCY) will likely be issuing its results before the market opens on Monday, March 23rd. Analysts expect Henderson Land Development to post earnings of $0.1088 per share and revenue of $2.6923 billion for the quarter.

Henderson Land Development Trading Up 0.2%

Shares of HLDCY opened at $3.89 on Monday. The business’s fifty day simple moving average is $4.04 and its two-hundred day simple moving average is $3.75. Henderson Land Development has a 12 month low of $2.47 and a 12 month high of $4.49.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Henderson Land Development from a “sell” rating to a “buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.