Earnings Alerts

Longfor Properties (960) Earnings Report: FY Revenue Misses Estimates Amidst Increased Finance Costs

  • Longfor Group’s full-year revenue missed estimates, coming in at 180.74 billion yuan instead of the expected 204.65 billion yuan.
  • The property development revenue also fell short of estimates, with 155.86 billion yuan instead of the predicted 165 billion yuan.
  • The finance cost for the group was 149.5 million yuan.
  • Net income for the group was 12.85 billion yuan.
  • The net debt-to-equity ratio was slightly higher than estimates, at 55.9% instead of the estimated 55%.
  • Total borrowings for the group amounted to 192.65 billion yuan.
  • A final dividend per share of 23 RMB cents was declared.
  • Analysts’ recommendations for the group were overwhelmingly positive, with 29 buys, 1 hold, and no sells.

Longfor Properties on Smartkarma

Longfor Properties has been receiving positive analyst coverage on Smartkarma, an independent investment research network. According to Leonard Law, CFA, a top independent analyst on the platform, Longfor Properties is a company to watch. In his recent Morning Views report, Law has given Longfor Properties a bullish rating, citing the company’s strong fundamentals and potential for growth in the high yield market. This report also includes a brief market commentary, key market indicators, and a macroeconomic and corporate event calendar.

In another Morning Views report, Leonard Law, CFA, has given Longfor Properties a bearish rating, along with two other companies, China Jinmao Holdings and China Vanke. However, Law’s previous report on Longfor Properties still stands, indicating that analysts on Smartkarma have varying opinions on the company. It is important for investors to consider multiple perspectives when making investment decisions.


A look at Longfor Properties Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum2
OVERALL SMART SCORE3.6

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 has received high marks from the Smartkarma Smart Scores, indicating a positive long-term outlook for the company. With a score of 5 in both value and dividend, investors can expect a solid return on their investment. The company also scored a 4 in growth, indicating potential for future expansion. However, it is important to note that Longfor Properties scored lower in resilience and momentum, with scores of 2 for both factors. This suggests that while the company may have strong fundamentals, it may face challenges in responding to market changes and maintaining its growth momentum.

Based on the company’s description, Longfor Properties operates in the competitive property development, investment, and management industries in China. With its high scores in value and dividend, the company may be well-positioned to attract investors looking for stable returns. However, its lower scores in resilience and momentum may mean that investors should closely monitor the company’s performance and market trends in order to make informed decisions. Overall, the Smartkarma Smart Scores provide a useful tool for investors to assess the long-term outlook for Longfor Properties.


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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