Sun Hung Kai Properties (0016) vs Henderson Land (0012)
Both are Hong Kong-based real estate developers, but Sun Hung Kai is larger and has a more stable rental income from a diversified portfolio of shopping malls and offices, while Henderson Land is more focused on residential development and is more cyclical.
| 0016 | 0012 | |
|---|---|---|
| Price | HK$112.70 | HK$25.84 |
| Daily Change | -1.66% | -1.97% |
| P/E | 15.42 | 23.63 |
| P/B | 0.55 | 0.40 |
| Dividend Yield | +3.23% | +4.68% |
| Market Cap | HK$339.0B | HK$130.4B |
Which is better for whom?
Sun Hung Kai suits investors seeking steady dividends and lower risk due to its stable rental income. Henderson Land may appeal to those seeking higher growth potential and are comfortable with cyclical exposure.
Frequently Asked Questions
What is the key structural difference between Sun Hung Kai and Henderson Land?
Sun Hung Kai has a larger investment property portfolio providing stable rental income, while Henderson Land is more focused on residential development, making it more sensitive to market cycles.
Which company has a higher dividend yield?
Typically, Sun Hung Kai offers a higher and more predictable dividend yield due to its stable rental income. Henderson Land's dividend can be more variable, depending on the profitability of its development projects.
How exposed are these stocks to the Chinese real estate market?
Both companies primarily operate in Hong Kong. Their projects in mainland China are limited. Therefore, their direct exposure to China's real estate cycles is lower compared to developers focused solely on the mainland.
Sun Hung Kai Properties details · Henderson Land details
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