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- SEHK:2669
China Overseas Property Holdings Full Year 2024 Earnings: Misses Expectations
China Overseas Property Holdings (HKG:2669) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥14.0b (up 7.5% from FY 2023).
- Net income: CN¥1.51b (up 13% from FY 2023).
- Profit margin: 11% (in line with FY 2023).
- EPS: CN¥0.46 (up from CN¥0.41 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Overseas Property Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 2.3%.
Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's shares are up 3.8% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on China Overseas Property Holdings' balance sheet health.
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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:2669
China Overseas Property Holdings
An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.
Undervalued with solid track record.
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