Longfor Properties (960) Earnings Surge: June Contracted Sales Hit 10B Yuan, YTD Sales Reach 51.12B Yuan

Longfor Properties on Smartkarma

Analyst coverage of Longfor Properties on Smartkarma by Leonard Law, CFA has highlighted varying sentiments. In a recent report titled “Longfor Group – Earnings Flash – FY 2023 Results,” Lucror Analytics provided a bearish outlook on the company’s financial performance. Despite acceptable FY 2023 results, the report mentioned an earnings decline due to reduced revenue from property development. However, the report noted a decent gross margin for property development at 11% and highlighted positive aspects such as a rise in recurring revenue and manageable debt levels.

On the other hand, in Morning Views Asia reports on companies like Meituan and China Vanke, Leonard Law, CFA expressed bullish sentiments. The reports provided fundamental credit analysis, opinions, and trade recommendations on high yield issuers in the region. These reports showcased a positive outlook on companies in the region, emphasizing key company-specific developments, market indicators, and macroeconomic factors affecting investment decisions. Overall, the analyst coverage on Smartkarma offers a comprehensive view of Longfor Properties and other companies in the Asian market.

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 prominent player in the Chinese property sector, appears poised for a strong long-term trajectory according to Smartkarma Smart Scores. The company’s exceptional Value and Dividend scores reflect its solid financial standing and commitment to rewarding shareholders. Moreover, with a respectable Momentum score, Longfor Properties seems to be gaining positive traction in the market, indicating potential future growth opportunities.

Despite facing some challenges with lower Resilience and Growth scores, Longfor Properties‘ focus on value and dividends, combined with a positive momentum outlook, suggests a promising outlook for investors seeking stability and returns in the ever-evolving property market in China.

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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