Earnings Alerts

China Resources Land (1109) Earnings: September Contracted Sales Reach 16.90 Billion Yuan Despite 36.5% YTD Decline

By October 14, 2024 No Comments
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  • China Res Land reported contracted sales of 16.90 billion yuan for September 2024.
  • There was a significant year-to-date (YTD) decline in contracted sales, down by 36.5%.
  • The total contracted sales amount year-to-date reached 172.30 billion yuan.
  • Analyst recommendations include 34 buys, with zero holds and zero sells.

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A look at China Resources Land Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.0

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 primarily engaged in property development and investment, is positioned moderately well for long-term growth and stability based on the Smartkarma Smart Scores assessment. With a solid Dividend score of 4, the company demonstrates a strong capacity to reward its shareholders over time. This indicates a favorable outlook for investors seeking consistent returns. Moreover, the respectable Growth score of 3 suggests that China Resources Land has the potential to expand its operations and increase its market presence in the future, providing opportunities for capital appreciation.

Although the company scores lower in Resilience with a rating of 2, indicating a relatively weaker ability to withstand economic uncertainties, its Momentum score of 3 suggests a certain level of market interest and activity surrounding the stock. Thus, despite facing some resilience challenges, China Resources Land has shown promising momentum that could drive its stock performance forward. Overall, with a balanced mix of scores across different factors, China Resources Land presents a nuanced outlook for investors looking at a blend of value, growth potential, and dividend stability in the real estate sector.


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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