- Longfor Group’s net debt-to-equity ratio came in at 51.7%, slightly higher than the estimated 49.6%.
- The company’s net income was reported at 10.40 billion yuan.
- Total borrowings amounted to 176.32 billion yuan.
- Revenue was lower than expected at 127.47 billion yuan, compared to an estimate of 151.15 billion yuan.
- The property development segment achieved revenue of 100.77 billion yuan, below the estimate of 112.85 billion yuan.
- The final dividend per share was declared at 10 RMB cents.
- Analyst recommendations included 26 buy ratings, 5 hold ratings, and no sell ratings.
Longfor Properties on Smartkarma
Independent analyst coverage of Longfor Properties on Smartkarma reveals different sentiments from various analysts. Leonard Law, CFA, in his Morning Views Asia publication, holds a bullish stance on Longfor Properties along with other high yield issuers like Melco Resorts and Sands China. He comments on recent economic indicators in the US and highlights Fed Chairman Jerome Powell’s stance on interest rates.
On the other hand, Brian Freitas takes a bearish view on Longfor Properties as he discusses the HSCEI Index Rebalance Preview. He mentions the potential deletion of Longfor Properties from the Hang Seng China Enterprises Index in December, indicating a negative outlook for the company compared to other potential changes in the index. These contrasting insights provide investors with a diverse range of perspectives on Longfor Properties‘ future performance.
A look at Longfor Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 China’s real estate sector, is positioned for a bright future ahead based on its impressive Smartkarma Smart Scores. With top scores in both Value and Dividend categories, Longfor Properties showcases strong fundamentals and shareholder value. Although its Growth and Resilience scores are more modest, the company’s momentum score suggests positive market sentiment and potential for future growth.
As a company deeply entrenched in property development, investment, and management in China, Longfor Properties is poised to capitalize on the evolving real estate landscape in the country. Investors may find confidence in the company’s robust value proposition and commitment to rewarding shareholders through dividends. With a solid foundation and a positive market outlook, Longfor Properties demonstrates a potential for long-term growth and stability in the competitive property market in China.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 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 Analytics and News
- ✓ Events & Webinars
