Stock Analysis
- Hong Kong
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- Commercial Services
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- SEHK:6677
Sino-Ocean Service Holding Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Sino-Ocean Service Holding (HKG:6677) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥3.13b (down 4.2% from FY 2022).
- Net income: CN¥42.1m (down 44% from FY 2022).
- Profit margin: 1.3% (down from 2.3% in FY 2022). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.036 (down from CN¥0.064 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sino-Ocean Service Holding Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 79%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Commercial Services industry in Hong Kong.
Performance of the Hong Kong Commercial Services industry.
The company's shares are down 14% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Sino-Ocean Service Holding (1 is significant!) that you should be aware of before investing here.
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About SEHK:6677
Sino-Ocean Service Holding
Sino-Ocean Service Holding Limited, an investment holding company, primarily engages in the provision of property management, and commercial operational and value-added services in the People’s Republic of China.
Flawless balance sheet with moderate growth potential.