---
title: "Bank of America reiterates HYSAN DEV \"Buy\" rating, believes post-earnings stock price drop is excessive"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277131266.md"
description: "Bank of America reiterated HYSAN DEV's \"Buy\" rating, believing that its stock price's 7% drop after the earnings announcement was an overreaction. The report pointed out that HYSAN's rental income last year met expectations, with adjusted earnings per share forecasts for 2026 and 2027 raised by 2% and lowered by 9%, respectively, and the target price slightly decreased to HKD 24.6. Although overall earnings fell short of market expectations, mainly due to the timing of revenue recognition from the Zhulin Garden project and reduced investment income, the company has good liquidity, maintaining HKD 14.3 billion in available liquid funds to address upcoming debt maturities"
datetime: "2026-02-27T02:13:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277131266.md)
  - [en](https://longbridge.com/en/news/277131266.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277131266.md)
---

# Bank of America reiterates HYSAN DEV "Buy" rating, believes post-earnings stock price drop is excessive

The Bank of America research report indicates that HYSAN DEV (00014.HK) had rental income last year that met expectations, reaffirming its "Buy" rating. After accounting for the updated delivery schedule of the Bamboo Grove project and a lower capitalization rate, the earnings per share forecasts for 2026 and 2027 were raised by 2% and lowered by 9% respectively, with the target price slightly decreased by 1% to HKD 24.6.

The bank believes that the company's stock price drop of 7% following the earnings announcement is an overreaction; last year's overall earnings fell short of market expectations, mainly due to the timing of revenue recognition from the Bamboo Grove project and a decrease in investment income. The bank does not consider liquidity to be a major concern, as the company maintains HKD 14.3 billion in available liquidity, sufficient to cover upcoming debt maturities

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