Stock Analysis
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- SEHK:683
Kerry Properties First Half 2024 Earnings: In Line With Expectations
Kerry Properties (HKG:683) First Half 2024 Results
Key Financial Results
- Revenue: HK$5.04b (down 7.9% from 1H 2023).
- Net income: HK$788.0m (down 55% from 1H 2023).
- Profit margin: 16% (down from 32% in 1H 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: HK$0.54 (down from HK$1.20 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kerry Properties Earnings Insights
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% 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
Before we wrap up, we've discovered 1 warning sign for Kerry Properties that you should be aware of.
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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:683
Kerry Properties
An investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, Mainland China, and the Asia Pacific region.