Stock Analysis
- Hong Kong
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- Real Estate
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- SEHK:369
Wing Tai Properties Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Wing Tai Properties (HKG:369) Full Year 2023 Results
Key Financial Results
- Revenue: HK$882.4m (down 79% from FY 2022).
- Net loss: HK$890.4m (loss widened by 65% from FY 2022).
- HK$0.66 loss per share (further deteriorated from HK$0.40 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wing Tai Properties Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Wing Tai Properties.
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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:369
Wing Tai Properties
Wing Tai Properties Limited, an investment holding company, engages in the investment, development, and management of properties in Hong Kong, the United Kingdom, the People’s Republic of China, Singapore, and internationally.
Adequate balance sheet and fair value.