Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$7.02, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 11x in the Real Estate industry in Hong Kong. Total loss to shareholders of 57% over the past three years. Recent Insider Transactions Derivative • Jun 12
CEO & Executive Chairman exercised options and sold HK$5.5m worth of stock On the 5th of June, Xuping Chen exercised options to acquire 705k shares at no cost and sold these for an average price of HK$7.78 per share. This trade did not impact their existing holding. For the year to December 2021, Xuping's total compensation was 60% salary and 40% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2025, Xuping has owned 2.16m shares directly. Company insiders have collectively sold HK$24m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$9.92, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 13x in the Real Estate industry in Hong Kong. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$19.68 per share. New Risk • Apr 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.15 (down from CN¥1.58 in FY 2024). Revenue: CN¥97.3b (down 24% from FY 2024). Net income: CN¥1.02b (down 90% from FY 2024). Profit margin: 1.1% (down from 8.2% in FY 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is expected to decline by 6.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 03
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥97.8b to CN¥83.8b. EPS estimate fell from CN¥0.701 to CN¥0.257 per share. Net income forecast to grow 11% next year vs 35% growth forecast for Real Estate industry in Hong Kong. Consensus price target down from HK$11.76 to HK$10.42. Share price was steady at HK$7.62 over the past week. Reported Earnings • Mar 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.15 (down from CN¥1.58 in FY 2024). Revenue: CN¥97.3b (down 24% from FY 2024). Net income: CN¥1.02b (down 90% from FY 2024). Profit margin: 1.1% (down from 8.2% in FY 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
Longfor Group Holdings Limited, Annual General Meeting, Jun 18, 2026 Longfor Group Holdings Limited, Annual General Meeting, Jun 18, 2026. Upcoming Dividend • Mar 09
Upcoming dividend of CN¥0.07 per share Eligible shareholders must have bought the stock before 16 March 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Hong Kong dividend payers (6.8%). Lower than average of industry peers (4.1%). Major Estimate Revision • Jan 16
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.57 to CN¥0.64. Revenue forecast steady at CN¥113.3b. Net income forecast to shrink 35% next year vs 30% growth forecast for Real Estate industry in Hong Kong . Consensus price target broadly unchanged at HK$11.80. Share price was steady at HK$9.35 over the past week. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$11.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Real Estate industry in Hong Kong. Total loss to shareholders of 51% over the past three years. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.48 (vs CN¥0.90 in 1H 2024) First half 2025 results: EPS: CN¥0.48 (down from CN¥0.90 in 1H 2024). Revenue: CN¥58.8b (up 25% from 1H 2024). Net income: CN¥3.22b (down 45% from 1H 2024). Profit margin: 5.5% (down from 13% in 1H 2024). Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Aug 29
Longfor Group Holdings Limited Announces Interim (Semi-Annual) Cash Dividend for the Six Months Ending June 30, 2025, Payable on April 30, 2026 Longfor Group Holdings Limited announced an interim (semi-annual) Cash dividend of RMB 0.07 per share for the six months ended June 30, 2025. Ex-dividend date 16 March 2026. Record date 20 March 2026. Payment date 30 April 2026. Announcement • Aug 19
Longfor Group Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Longfor Group Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Upcoming Dividend • Aug 07
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (6.8%). Lower than average of industry peers (4.7%). New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Jun 18
Longfor Group Holdings Limited Declares Final Dividend for the Year Ended 31 December 2024, Payable on September 26, 2025 Longfor Group Holdings Limited at its annual general meeting held on 18 June 2025, declared a final dividend of RMB 0.10 per share for the year ended 31 December 2024. Ex-dividend date 14 August 2025, Record date 20 August 2025 and Payment date 26 September 2025. Recent Insider Transactions Derivative • Jun 06
CEO & Executive Chairperson exercised options and sold HK$7.6m worth of stock On the 30th of May, Xuping Chen exercised options to acquire 772k shares at no cost and sold these for an average price of HK$9.83 per share. This trade did not impact their existing holding. For the year to December 2021, Xuping's total compensation was 60% salary and 40% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Xuping's direct individual holding has decreased from 12.92m shares to 11.92m. Company insiders have collectively sold HK$37m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.58 (down from CN¥2.07 in FY 2023). Revenue: CN¥127.5b (down 30% from FY 2023). Net income: CN¥10.4b (down 19% from FY 2023). Profit margin: 8.2% (up from 7.1% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 35% per year. Major Estimate Revision • Apr 04
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥132.5b to CN¥110.1b. EPS estimate fell from CN¥1.42 to CN¥0.839 per share. Net income forecast to shrink 43% next year vs 45% growth forecast for Real Estate industry in Hong Kong . Consensus price target broadly unchanged at HK$11.90. Share price was steady at HK$10.16 over the past week. New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.58 (down from CN¥2.07 in FY 2023). Revenue: CN¥127.5b (down 30% from FY 2023). Net income: CN¥10.4b (down 19% from FY 2023). Profit margin: 8.2% (up from 7.1% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 37% per year. Announcement • Mar 07
Longfor Group Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Longfor Group Holdings Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$11.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 66% over the past three years. Upcoming Dividend • Feb 17
Upcoming dividend of CN¥0.22 per share Eligible shareholders must have bought the stock before 24 February 2025. Payment date: 08 April 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (7.9%). Lower than average of industry peers (5.9%). New Risk • Nov 22
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$20m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (16% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Significant insider selling over the past 3 months (HK$20m sold). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$14.56, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Real Estate industry in Hong Kong. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$13.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 54% over the past three years. Recent Insider Transactions • Oct 04
CEO & Executive Chairperson recently sold HK$20m worth of stock On the 2nd of October, Xuping Chen sold around 1m shares on-market at roughly HK$19.66 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Xuping has been a net seller over the last 12 months, reducing personal holdings by HK$18m. New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to HK$11.78, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 61% over the past three years. Recent Insider Transactions • Sep 13
CEO & Executive Chairperson recently bought HK$1.5m worth of stock On the 11th of September, Xuping Chen bought around 200k shares on-market at roughly HK$7.55 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Xuping's only on-market trade for the last 12 months. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥166.4b to CN¥154.3b. EPS estimate also fell from CN¥1.78 per share to CN¥1.57 per share. Net income forecast to grow 2.9% next year vs 22% growth forecast for Real Estate industry in Hong Kong. Consensus price target down from HK$13.89 to HK$11.61. Share price rose 3.8% to HK$8.81 over the past week. Reported Earnings • Aug 26
First half 2024 earnings: EPS and revenues miss analyst expectations First half 2024 results: EPS: CN¥0.90 (down from CN¥1.32 in 1H 2023). Revenue: CN¥46.9b (down 25% from 1H 2023). Net income: CN¥5.87b (down 27% from 1H 2023). Profit margin: 13% (in line with 1H 2023). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Announcement • Aug 23
Longfor Group Holdings Limited Announces Ordinary Interim (Semi-Annual) Cash Dividend for the Six Months Ended June 30, 2024, Payable on 08 April 2025 Longfor Group Holdings Limited announced ordinary interim (semi-annual) cash dividend of RMB 0.22 per share for the six months ended June 30, 2024, payable on 08 April 2025. Record date is 27 February 2025. Ex-dividend date is 24 February 2025. Announcement • Aug 12
Longfor Group Holdings Limited to Report First Half, 2024 Results on Aug 23, 2024 Longfor Group Holdings Limited announced that they will report first half, 2024 results on Aug 23, 2024 Upcoming Dividend • Jul 05
Upcoming dividend of HK$0.25 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 22 August 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (6.1%). Announcement • Jun 19
Longfor Group Holdings Limited Announces Final Dividend for Year Ended 31 December 2023, Payable on 22 August 2024 Longfor Group Holdings Limited announced a final dividend of RMB 0.23 per share for the year ended 31 December 2023. Ex-dividend date is 12 July 2024. Record date is 17 July 2024. Payment date is 22 August 2024. Date of shareholders' approval is 18 June 2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$13.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 65% over the past three years. Reported Earnings • May 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥2.07 (down from CN¥4.08 in FY 2022). Revenue: CN¥180.7b (down 28% from FY 2022). Net income: CN¥12.9b (down 47% from FY 2022). Profit margin: 7.1% (down from 9.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Declared Dividend • Mar 25
Final dividend of CN¥0.23 announced Shareholders will receive a dividend of CN¥0.23. Ex-date: 12th July 2024 Payment date: 22nd August 2024 Dividend yield will be 5.5%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 24
Longfor Group Holdings Limited, Annual General Meeting, Jun 18, 2024 Longfor Group Holdings Limited, Annual General Meeting, Jun 18, 2024. Agenda: To consider the payment of a final dividend of RMB0.23 per share for the year ended December 31, 2023; and to consider other matters. Reported Earnings • Mar 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥2.07 (down from CN¥4.08 in FY 2022). Revenue: CN¥180.7b (down 28% from FY 2022). Net income: CN¥12.9b (down 47% from FY 2022). Profit margin: 7.1% (down from 9.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Announcement • Mar 13
Longfor Group Holdings Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Longfor Group Holdings Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Major Estimate Revision • Mar 13
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥206.3b to CN¥200.4b. EPS estimate also fell from CN¥2.87 per share to CN¥2.50 per share. Net income forecast to shrink 33% next year vs 25% growth forecast for Real Estate industry in Hong Kong . Consensus price target down from HK$17.76 to HK$16.53. Share price rose 11% to HK$10.70 over the past week. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$10.84, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$10.04, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 72% over the past three years. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.3% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$8.86, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 77% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of CN¥0.32 per share at 9.9% yield Eligible shareholders must have bought the stock before 29 December 2023. Payment date: 08 February 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 9.9%. Within top quartile of Hong Kong dividend payers (8.5%). Higher than average of industry peers (5.9%). Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$15.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$23.46 per share. Announcement • Sep 01
Longfor Group Holdings Limited Announces That Shen Ying Has Been Appointed as A Member of the Environmental, Social and Governance Committee The board of directors of Longfor Group Holdings Limited announced that, Ms. Shen Ying, an executive Director of the Company, has been appointed as a member of the environmental, social and governance committee of the Board with effect from 31 August 2023. Recent Insider Transactions • Aug 26
CEO & Executive Chairperson recently bought HK$3.1m worth of stock On the 24th of August, Xuping Chen bought around 200k shares on-market at roughly HK$15.60 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Xuping has been a buyer over the last 12 months, purchasing a net total of HK$14m worth in shares. Reported Earnings • Aug 19
First half 2023 earnings released: EPS: CN¥1.32 (vs CN¥1.27 in 1H 2022) First half 2023 results: EPS: CN¥1.32 (up from CN¥1.27 in 1H 2022). Revenue: CN¥62.0b (down 35% from 1H 2022). Net income: CN¥8.06b (up 7.7% from 1H 2022). Profit margin: 13% (up from 7.9% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 19
Longfor Group Holdings Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Period Ended June 30, 2023 for the Financial Year Ending 31 December 2023, Payment Date 08 February 2024 Longfor Group Holdings Limited announced Ordinary Interim (Semi-annual) dividend of RMB 0.32 per share for the period ended June 30, 2023 for the financial year ending 31 December 2023. Ex-dividend date 29 December 2023, Book close period From 03 January 2024 to 04 January 2024, Record date 04 January 2024 and Payment date 08 February 2024. Announcement • Aug 05
Longfor Group Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023 Longfor Group Holdings Limited announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$18.56, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$35.83 per share. Upcoming Dividend • Jun 30
Upcoming dividend of HK$0.88 per share at 6.4% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 21 August 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (5.3%). Announcement • Jun 17
Longfor Group Holdings Limited Declares Final Dividend for Year Ended 31 December 2022, Payable on August 21, 2023 Longfor Group Holdings Limited announced at the AGM held on June 16, 2023 that the company approved to declare a final dividend of RMB 0.80 per share for the year ended 31 December 2022. Ex-dividend date is 07 July 2023. Record date is 12 July 2023. Payment date is August 21, 2023. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$18.34, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Real Estate industry in Hong Kong. Total loss to shareholders of 42% over the past three years. Recent Insider Transactions • May 20
CEO & Executive Chairperson recently bought HK$3.5m worth of stock On the 18th of May, Xuping Chen bought around 200k shares on-market at roughly HK$17.60 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Xuping has been a buyer over the last 12 months, purchasing a net total of HK$11m worth in shares. Buying Opportunity • Apr 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be HK$29.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings is forecast to grow by 3.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$24.85, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Real Estate industry in Hong Kong. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$29.79 per share. Reported Earnings • Mar 19
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥4.08 (up from CN¥4.05 in FY 2021). Revenue: CN¥250.6b (up 12% from FY 2021). Net income: CN¥24.4b (up 2.1% from FY 2021). Profit margin: 9.7% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.