Hongkong Land Holdings Full Year 2023 Earnings: Misses Expectations

Simply Wall St

March 12, 2024

Hongkong Land Holdings (SGX:H78) Full Year 2023 Results

Key Financial Results

Revenue: US$1.84b (down 18% from FY 2022).
Net loss: US$582.3m (down by 387% from US$202.7m profit in FY 2022).
US$0.26 loss per share (down from US$0.09 profit in FY 2022).

earnings-and-revenue-growth — SGX:H78 Earnings and Revenue Growth March 12th 2024

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

Hongkong Land Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Real Estate industry in Singapore.

Performance of the Singaporean Real Estate industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Hongkong Land Holdings that we have uncovered.

Valuation is complex, but we're here to simplify it.

Discover if Hongkong Land Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.