Stock Analysis

Hang Lung Properties First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

SEHK:101
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Hang Lung Properties (HKG:101) First Half 2024 Results

Key Financial Results

  • Revenue: HK$6.13b (up 17% from 1H 2023).
  • Net income: HK$1.06b (down 56% from 1H 2023).
  • Profit margin: 17% (down from 46% in 1H 2023). The decrease in margin was driven by higher expenses.
  • EPS: HK$0.23 (down from HK$0.53 in 1H 2023).
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SEHK:101 Earnings and Revenue Growth August 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hang Lung Properties Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 51%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Hang Lung Properties (1 is significant!) that you need to take into consideration.

Valuation is complex, but we're here to simplify it.

Discover if Hang Lung Properties might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.