SEHK:960Real Estate
Is Longfor Group Holdings (SEHK:960) Still Below Fair Value Following Weak Profit Guidance?
Guidance points to weaker profits and pressure on development margins
Longfor Group Holdings (SEHK:960) issued earnings guidance for the six months to 30 June 2026 that points to lower profit and sharply weaker core net profit compared with the same period in 2025.
The company expects profit attributable to owners to be between RMB1.80b and RMB2.00b, compared with RMB3.22b a year earlier. Core net profit is guided to RMB50m to RMB100m, versus RMB1.38b in the prior period.
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