Stock Analysis
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- SEHK:81
China Overseas Grand Oceans Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
China Overseas Grand Oceans Group (HKG:81) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥56.4b (down 1.9% from FY 2022).
- Net income: CN¥2.30b (down 27% from FY 2022).
- Profit margin: 4.1% (down from 5.5% in FY 2022).
- EPS: CN¥0.65 (down from CN¥0.91 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Overseas Grand Oceans Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 29%.
Looking ahead, revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 6.8%.
Performance of the Hong Kong Real Estate industry.
The company's shares are down 3.2% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for China Overseas Grand Oceans Group (1 can't be ignored!) that you should be aware of before investing here.
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About SEHK:81
China Overseas Grand Oceans Group
China Overseas Grand Oceans Group Limited, an investment holding company, invests in, develops, and leases real estate properties in the People’s Republic of China and Hong Kong.
Undervalued with excellent balance sheet and pays a dividend.