- Longfor Group’s revenue for the first half of 2024 was 46.86 billion yuan.
- This revenue figure was below the estimated 66.01 billion yuan (based on 2 estimates).
- The company’s net income stood at 5.87 billion yuan.
- Gross margin was reported at 20.6%.
- Total borrowings amounted to 187.42 billion yuan.
- The net debt-to-equity ratio was 56.7%.
- An interim dividend per share of 22 RMB cents was declared.
- Analyst recommendations included 29 buys, 2 holds, and 0 sells.
Longfor Properties on Smartkarma
On Smartkarma, independent analyst Leonard Law, CFA, recently provided insightful coverage on Longfor Properties. In the report titled “Longfor Group – ESG Report,” Lucror Analytics assessed Longfor Group’s ESG performance as “Adequate,” with a strong Social score and immaterial controversies. This positive evaluation reflects Longfor’s commitment to environmental and governance practices.
In another report by Leonard Law, CFA, titled “Morning Views Asia,” Lucror Analytics offered fundamental credit analysis and trade recommendations on high yield issuers, including a bullish sentiment on Lippo Karawaci and Softbank Group. This comprehensive analysis provides valuable insights for investors looking to understand the current market dynamics surrounding companies like Longfor Properties.
A look at Longfor Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
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
Longfor Properties Co. Ltd., a company deeply entrenched in China’s property sector, seems to be positioned well for long-term growth and stability based on an analysis of its Smartkarma Smart Scores. With a top-notch Value score of 5 and a perfect Dividend score of 5, Longfor appears to offer strong investment potential and attractive returns for investors seeking value and income. While the Growth score of 3 hints at steady expansion prospects, the company may need to focus more on enhancing its Resilience and Momentum scores, which sit at 2 each, to fortify its market position amid potential challenges and capitalize on growth opportunities.
In conclusion, Longfor Properties holds promising long-term prospects given its robust Value and Dividend scores, indicating a solid foundation for financial performance and shareholder returns. However, to further solidify its competitive edge and drive future growth, addressing areas such as Growth, Resilience, and Momentum could be pivotal for Longfor to navigate the dynamic landscape of the Chinese property market successfully.
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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