In today’s briefing:
- Indika Energy – Earnings Flash – FY 2024 Results
- Longfor Group – Earnings Flash – FY 2024 Results
Indika Energy – Earnings Flash – FY 2024 Results
- Indika Energy’s FY 2024 results were weak as expected in our view, due to significant challenges amid declining coal prices, with no contributions from its investments in non-coal businesses so far.
- The balance sheet worsened significantly during the year.
- That said, liquidity remained sound.
Longfor Group – Earnings Flash – FY 2024 Results
- Longfor Group’s FY 2024 results were acceptable.
- The earnings decline was in line with expectations, driven by lower revenues and margins from the property development segment.
- We project that Longfor’s contracted sales will continue declining in FY 2025, given the company’s slowdown in land bank replenishment.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
