Sun Hung Kai Properties Full Year 2024 Earnings: Misses Expectations

Simply Wall St.10-09

Sun Hung Kai Properties (HKG:16) Full Year 2024 ResultsKey Financial Results Revenue: HK$71.5b (flat on FY 2023). Net income: HK$19.0b (down 20% from FY 2023). Profit margin: 27% (down from 34% in FY ...

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Profit margin: 27% (down from 34% in FY ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-16/sun-hung-kai-properties-shares/news/sun-hung-kai-properties-full-year-2024-earnings-misses-expec-1\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sun Hung Kai Properties Full Year 2024 Earnings: Misses Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSun Hung Kai Properties Full Year 2024 Earnings: Misses Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-09 06:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-16/sun-hung-kai-properties-shares/news/sun-hung-kai-properties-full-year-2024-earnings-misses-expec-1><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sun Hung Kai Properties (HKG:16) Full Year 2024 ResultsKey Financial Results Revenue: HK$71.5b (flat on FY 2023). Net income: HK$19.0b (down 20% from FY 2023). Profit margin: 27% (down from 34% in FY ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-16/sun-hung-kai-properties-shares/news/sun-hung-kai-properties-full-year-2024-earnings-misses-expec-1\">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":"BK1601","symbol_name":"香港本地股","start_time":0,"source_url":"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-16/sun-hung-kai-properties-shares/news/sun-hung-kai-properties-full-year-2024-earnings-misses-expec-1","article_id":"2474360402","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=2474360402","pubTimestamp":1728426308,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Sun Hung Kai Properties ( HKG:16 ) Full Year 2024 Results Key Financial Results Revenue: HK$71.5b (flat on FY 2023...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"80016":"新鸿基地产-R","BK1601":"香港本地股","BK4099":"汽车制造商","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU1316543674.SGD":"Janus Henderson Horizon Asia-Pacific Property Income A3 SGD","BK1521":"挪威政府全球养老基金持仓","LU2088747998.USD":"EASTSPRING INVESTMENTS ASIA REAL ESTATE MULTI ASSE \"ADM\" (USD) INC","SUHJY":"新鸿基地产ADR","00016":"新鸿基地产","LU2226123227.USD":"Janus Henderson Horizon Asia-Pacific Property Income A5m USD","LU2088747725.USD":"EASTSPRING INVESTMENTS ASIA REAL ESTATE MULTI ASSE \"A\" (USD) ACC","LU2226123490.SGD":"Janus Henderson Horizon Asia-Pacific Property Income A5m SGD","SG9999010078.USD":"UNITED ASIA PACIFIC REAL ESTATE INCOME (USDHDG) INC","LU0229494975.USD":"骏利亨德森亚太地产股票基金","03145":"华夏亚洲高息股","TTM":"塔塔汽车","IE00B1G9TL16.USD":"FIRST SENTIER ASIAN PROPERTY SECURITIES \"I\" (USD) ACC","LU2088748293.HKD":"EASTSPRING INVESTMENTS ASIA REAL ESTATE MULTI ASSE \"AHD\" (HKD) INC","TTM.AU":"TITAN MINERALS LTD","03121":"华夏亚太房地产","BK1559":"蓝筹地产股","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00BSPPW651.USD":"NEUBERGER BERMAN GLOBAL REAL ESTATE SECURITIES \"A\" (USD) ACC","BK4523":"印度概念","LU2088748020.USD":"EASTSPRING INVESTMENTS ASIA REAL ESTATE MULTI ASSE \"ADM\" (USD) INC A","SG9999010052.SGD":"United Asia Pacific Real Estate Income Dis SGD","BK7104":"黄金","BK1216":"多样化房地产活动","IE00B1G9TM23.USD":"FIRST SENTIER ASIAN PROPERTY SECURITIES \"I\" (USD) INC","LU2088748376.SGD":"Eastspring Investments - Asia Real Estate Multi Asset Income Cl ASDM SGD-H","SG9999009997.SGD":"United Asia Pacific Real Estate Income Acc SGD"},"translate_title":"新鸿基地产2024年全年盈利：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80016":0.6,"TTM.AU":1,"TTM":1,"00016":1,"SUHJY":0.6,"03145":0.6,"03121":0.6},"content_text":"Sun Hung Kai Properties (HKG:16) Full Year 2024 ResultsKey Financial Results Revenue: HK$71.5b (flat on FY 2023). Net income: HK$19.0b (down 20% from FY 2023). Profit margin: 27% (down from 34% in FY 2023). EPS: HK$6.57 (down from HK$8.25 in FY 2023).  SEHK:16 Revenue and Expenses Breakdown October 8th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Sun Hung Kai Properties Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 5.9%.  Earnings per share (EPS) also missed analyst estimates by 17%.      The primary driver behind last 12 months revenue was the Property Development - Hong Kong segment contributing a total revenue of HK$24.7b (35% of total revenue). Notably, cost of sales worth HK$39.3b amounted to 55% of total revenue thereby underscoring the impact on earnings.   The most substantial expense, totaling HK$7.60b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities.    Explore how 16's revenue and expenses shape its earnings.  Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Real Estate industry in Hong Kong.    Performance of the Hong Kong Real Estate industry.  The company's shares are up 1.1% from a week ago.   Risk Analysis We don't want to rain on the parade too much, but we did also find 1 warning sign for Sun Hung Kai Properties that you need to be mindful of. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave 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. 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