Lyonnais: Acquisition may lift Henderson Investment profit forecast

Credit Lyonnais estimated that if Hong Kong and China Gas Company (0003) repurchased 300-400 mln shares, the profit of Henderson Investment (0097) in 2002 might be lifted by 5-6.8% to HK$1.655-1.683 bln and its profit forecast in 2003 might be upgraded by 4.1-5.6% to HK$2.218-2.249 bln. On the other hand, the 2002-yr profit forecast of Henderson Land Development (0012), the leading shareholder of Henderson Investment, was upgraded by 0.9-1.2% to HK$5.201-5.218 bln and its 2003-yr profit forecast was upgraded by 0.9-1.3% to HK$5.317-5.337 bln. 

The fund house maintained the rating of Henderson Investment at ˇ§lead the marketˇ¨.

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