SEHK:83Real Estate
Sino Land (SEHK:83) Stock Faces Revenue Drift Despite Near 50% Margins
Sino Land stock comes into this earnings season on the back foot, with the share price down roughly 3% over the past week and about 11% over three months. The immediate reaction may feel uncomfortable, yet the latest full year numbers tell a calmer story. Net income from the second half reached HK$3,056m and pushed trailing earnings to HK$4,589m, which kept net margins close to 50%. The real debate now shifts from today’s price move to whether investors are willing to pay a 21.8x P/E for that...