- Revenue Missed Expectations: China Res Land’s revenue for the first half of 2024 was 79.13 billion yuan, falling short of the estimated 89.29 billion yuan.
- Property Development Revenue: The revenue generated from property development alone was 59.13 billion yuan.
- Net Income: The company’s net income amounted to 10.25 billion yuan for the same period.
- Interim Dividend: Shareholders will receive an interim dividend of 20 RMB cents per share.
- Analyst Recommendations: The company has received 35 buy recommendations, with no hold or sell ratings from analysts.
A look at China Resources Land Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Resources Land Limited, a company involved in property development and investment, as well as offering financing and engineering services, has garnered a mix of Smart Scores across different factors. With a solid score in Dividend and Growth, indicating strong potential for returns and expansion, the company shows promise in providing value to its stakeholders. However, its lower scores in Resilience and Momentum suggest some areas for improvement in terms of stability and market performance.
Looking towards the long-term outlook for China Resources Land, the company’s favourable scores in Dividend and Growth could bode well for its future prospects, pointing towards the potential for shareholder returns and expansion opportunities. Addressing the lower scores in Resilience and Momentum may be key for the company to enhance its stability and market momentum, ultimately shaping its overall performance and competitiveness in the real estate and investment market.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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