Hang Lung Properties First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.08-02

Hang Lung Properties (HKG:101) First Half 2024 ResultsKey Financial Results Revenue: HK$6.13b (up 17% from 1H 2023). Net income: HK$1.06b (down 56% from 1H 2023). Profit margin: 17% (down from 46% in ...

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Net income: HK$1.06b (down 56% from 1H 2023). Profit margin: 17% (down from 46% in ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-101/hang-lung-properties-shares/news/hang-lung-properties-first-half-2024-earnings-revenues-beat\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1229","symbol_name":"房地产经营公司","start_time":0,"source_url":"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-101/hang-lung-properties-shares/news/hang-lung-properties-first-half-2024-earnings-revenues-beat","article_id":"2456101412","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7312000-choice1-main-header/1585186577918"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2456101412","pubTimestamp":1722550055,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Hang Lung Properties ( HKG:101 ) First Half 2024 Results Key Financial Results Revenue: HK$6.13b (up 17% from 1H 2023...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1229":"房地产经营公司","BK1258":"房地产运营公司","BK4099":"汽车制造商","BK1601":"香港本地股","00101":"恒隆地产","TTM":"塔塔汽车","BK1555":"内房股","BK4523":"印度概念"},"translate_title":"恒隆地产2024年上半年盈利：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00101":1,"TTM":1},"content_text":"Hang Lung Properties (HKG:101) First Half 2024 ResultsKey Financial Results Revenue: HK$6.13b (up 17% from 1H 2023). Net income: HK$1.06b (down 56% from 1H 2023). Profit margin: 17% (down from 46% in 1H 2023). The decrease in margin was driven by higher expenses. EPS: HK$0.23 (down from HK$0.53 in 1H 2023).  SEHK:101 Earnings and Revenue Growth August 1st 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Hang Lung Properties Revenues Beat Expectations, EPS Falls Short  Revenue exceeded analyst estimates by 20%.  Earnings per share (EPS) missed analyst estimates by 51%.      Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Real Estate industry in Hong Kong.    Performance of the Hong Kong Real Estate industry.  The company's shares are down 10% from a week ago.   Risk Analysis It is worth noting though that we have found 3 warning signs for Hang Lung Properties (1 is significant!) that you need to take into consideration. Valuation is complex, but we're here to simplify it.Discover if Hang Lung Properties might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. 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