HENDERSON LAND(00012.HK):BUY:FARMLAND CONVERSION ON THE MOVE
汇丰银行(中国)有限公司2017-10-25
The Lands Department accepted two in-situ land exchangeswith HLD in Kwu Tung North and Fanling North NDAs Solid progress of farmland conversion in NDAs shouldstrengthen HLD’s medium-term growth visibility Maintain Buy with a new TP of HKD56.3 (from HKD55.4)