- Longfor Group’s first half revenue reached 58.75 billion yuan, significantly surpassing the estimated 43.05 billion yuan.
- The company’s net income stood at 3.22 billion yuan.
- Longfor Group’s net debt-to-equity ratio was reported at 51.2%.
- Total borrowings amounted to 169.80 billion yuan.
- Finance costs were relatively low at 84.1 million yuan.
- The company had 44.67 billion yuan in cash on hand.
- An interim dividend of 7.0 RMB cents per share was declared.
- Analyst ratings include 23 buy recommendations, 6 hold recommendations, and 0 sell recommendations.
Longfor Properties on Smartkarma
Longfor Properties has been under analyst coverage on Smartkarma by Leonard Law, CFA. In the research reports published by Law, the sentiment towards Longfor Properties has been mostly bullish. In one of the reports titled “Lucror Analytics – Morning Views Asia,” Law comments on developments of high yield issuers including Longfor Group. The report indicates stability in US yields and strong equity performance following retail sales data. Another report highlights optimism in the market due to US-China trade talks, supporting the climb in equities.
However, Law also published a bearish report on Longfor Properties titled “Longfor Group – Earnings Flash – FY 2024 Results.” In this report, Law projects a decline in contracted sales for Longfor in FY 2025 due to the company’s slowdown in land bank replenishment. The earnings for FY 2024 were in line with expectations, driven by lower revenues and margins in the property development segment. Despite the bearish outlook, Law’s analysis provides a comprehensive view of the factors influencing Longfor Properties‘ performance.
A look at Longfor Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Longfor Properties Co. Ltd., a prominent player in the Chinese property sector, is shining brightly with top-notch Smart Scores across key factors. Garnering a stellar Value score of 5, Longfor Properties demonstrates its strong financial health and attractive investment potential. Coupled with a perfect Dividend score of 5, the company offers robust returns to its shareholders, signaling stability and strength in its operations.
While Longfor Properties shows areas for improvement in Growth, Resilience, and Momentum with scores of 2, 3, and 3 respectively, its solid foundation in Value and Dividend factors positions it well for long-term success. With a diversified portfolio and a strategic foothold in the Chinese property market, Longfor Properties remains a formidable player with the potential to weather market fluctuations and offer lucrative opportunities for investors seeking a reliable income stream.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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