Longfor Properties (960) Earnings: May Contracted Sales Reach 8.69B Yuan, YTD At 41.08B Yuan

Longfor Properties on Smartkarma

Analyst coverage of Longfor Properties on Smartkarma reveals insights from Leonard Law, CFA. In a Lucror Analytics report titled “Longfor Group – Earnings Flash – FY 2023 Results,” Law expresses a bearish sentiment on the company. Despite Longfor Group’s acceptable FY 2023 results, the earnings decline was as expected due to reduced revenue from property development. Law notes the decent 11% gross margin for property development, but expresses concerns about financial flexibility as the company pledges more assets for funding, even though near-term default risk is deemed low.

Furthermore, Leonard Law, CFA, provides bullish Morning Views on various Asian companies such as China Vanke, First Pacific Co, and Xiaomi Corp. His positive sentiment on these companies contrasts with his bearish stance on Anton Oilfield and Greentown China. Law’s comprehensive fundamental credit analysis and trade recommendations aim to provide investors with valuable insights into the creditworthiness and market performance of these high-yield issuers in the region.

A look at Longfor Properties Smart Scores

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 key player in China’s property sector, is positioned favorably for long-term growth. With top marks in both Value and Dividend scores, the company showcases solid fundamentals and investor-friendly initiatives. These high scores reflect a promising outlook for investors seeking stability and potential returns in the property market.

While Longfor Properties demonstrates strong Value and Dividend metrics, its Growth, Resilience, and Momentum scores indicate areas for potential improvement. Despite this, the company’s robust presence in property development, investment, and management in China provides a sturdy foundation for long-term success, with opportunities to enhance growth strategies and resilience against market fluctuations.

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.
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