The Zhitong Finance App learned that UBS released a research report saying that due to relatively weak fundamentals, Henderson Land's performance is expected to continue to outperform Sun Hung Kai Properties (00016) and maintain the Henderson Land (00012) “buy” rating, with a target price of HK$31. Changshi Group (01113) has a dividend return of about 5.4% this year, higher than Sun Hung Kai Properties's dividend of about 5%, which is roughly the same as Sino Real Estate (00083). It is expected that this news will be beneficial to Changshi, renewing its “neutral” rating, with a target price of HK$47.9.

The bank pointed out that since mid-April, Henderson Land's stock price has outperformed its peers Sun Hung Kai Properties and Changshi Group by about 2 to 4 percentage points. Investors have already predicted that Henderson will be included in the index, while Changshi will be excluded. However, the FTSE EPRA Nareit Global Real Estate Index series announced quarterly adjustment results. Contrary to market expectations, the index continued to include Changshi Group, while Henderson Land was not included. It is expected that the news will put short-term pressure on Henderson Land.