Stock Analysis

Sun Hung Kai Properties First Half 2023 Earnings: Misses Expectations

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Sun Hung Kai Properties (HKG:16) First Half 2023 Results

Key Financial Results

  • Revenue: HK$27.4b (down 32% from 1H 2022).
  • Net income: HK$8.41b (down 45% from 1H 2022).
  • Profit margin: 31% (down from 38% in 1H 2022). The decrease in margin was driven by lower revenue.
  • EPS: HK$2.90 (down from HK$5.24 in 1H 2022).
SEHK:16 Earnings and Revenue Growth March 17th 2023

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

Sun Hung Kai Properties Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Sun Hung Kai Properties that you should be aware of before investing here.

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