Shangri-La Asia (HKG:69) First Half 2024 Results
Key Financial Results
- Revenue: US$1.05b (up 4.3% from 1H 2023).
- Net income: US$94.5m (down 28% from 1H 2023).
- Profit margin: 9.0% (down from 13% in 1H 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.027 (down from US$0.037 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Shangri-La Asia Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong.
Performance of the Hong Kong Hospitality industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Shangri-La Asia that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:69
Shangri-La Asia
An investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide.
Undervalued with moderate growth potential.
