Henderson Land downgraded to Sell from Neutral at Goldman Sachs

Goldman Sachs analyst Gurpreet Singh Sahi downgraded Henderson Land to Sell from Neutral with a HK$21.40 price target. Henderson shares have outperformed the sector but Sun Hung Kai Properties has a more diversified portfolio and would benefit more over-time owing to recent Hong Kong budget relaxation, the analyst tells investors in a research note.