Logan Group (SEHK:3380) Losses Of C¥1.8b Keep Bearish Narratives In Focus

Simply Wall St.03-31

Logan Group (SEHK:3380) has just posted its FY 2025 first half numbers, reporting revenue of C¥3.4b and a basic EPS loss of C¥0.32. The trailing twelve month figures show revenue of C¥6.3b and a basic...

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The trailing twelve month figures show revenue of C¥6.3b and a basic...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-3380/logan-group-shares/news/logan-group-sehk3380-losses-of-c18b-keep-bearish-narratives\">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>Logan Group (SEHK:3380) Losses Of C¥1.8b Keep Bearish Narratives In Focus</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\">\nLogan Group (SEHK:3380) Losses Of C¥1.8b Keep Bearish Narratives In Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-31 20:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-3380/logan-group-shares/news/logan-group-sehk3380-losses-of-c18b-keep-bearish-narratives><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Logan Group (SEHK:3380) has just posted its FY 2025 first half numbers, reporting revenue of C¥3.4b and a basic EPS loss of C¥0.32. The trailing twelve month figures show revenue of C¥6.3b and a basic...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-3380/logan-group-shares/news/logan-group-sehk3380-losses-of-c18b-keep-bearish-narratives\">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":"BK1507","symbol_name":"粤港澳大湾区","start_time":0,"source_url":"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-3380/logan-group-shares/news/logan-group-sehk3380-losses-of-c18b-keep-bearish-narratives","article_id":"2623584778","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9612015-choice1-main-header/1585186799831"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-3380/logan-group-shares/news/logan-group-sehk3380-losses-of-c18b-keep-bearish-narratives","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2623584778","pubTimestamp":1774959051,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Logan Group (SEHK:3380) has just posted its FY 2025 first half numbers, reporting revenue of C¥3.4b and a basic EPS loss of C¥0.32. The trailing twelve month figures show revenue of C¥6.3b and a basic EPS loss of C¥0.86, as the business continues to work through a prolonged loss making stretch. The company’s revenue has moved from C¥14.1b in 1H 2024 to C¥9.2b in 2H 2024 and then to C¥3.4b in 1H 2025. Over the same periods, basic EPS losses were C¥0.28, C¥0.86 and C¥0.32 respectively, which...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1507":"粤港澳大湾区","BK1240":"房地产开发","BK1555":"内房股","BK1582":"深圳本地概念股","03380":"龙光集团"},"translate_title":"龙光集团(SEHK：3380)亏损1.8 B日元，看跌言论成为焦点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03380":0.9},"content_text":"Logan Group (SEHK:3380) has just posted its FY 2025 first half numbers, reporting revenue of C¥3.4b and a basic EPS loss of C¥0.32. The trailing twelve month figures show revenue of C¥6.3b and a basic EPS loss of C¥0.86, as the business continues to work through a prolonged loss making stretch. The company’s revenue has moved from C¥14.1b in 1H 2024 to C¥9.2b in 2H 2024 and then to C¥3.4b in 1H 2025. Over the same periods, basic EPS losses were C¥0.28, C¥0.86 and C¥0.32 respectively, which keeps the spotlight firmly on how quickly margins can stabilize from here. See our full analysis for Logan Group. With the latest results on the table, the next step is to see how these margins and revenue trends line up against the key market narratives that have formed around Logan Group over the past year. Curious how numbers become stories that shape markets? Explore Community Narratives SEHK:3380 Earnings & Revenue History as at Mar 2026 AdvertisementLosses remain heavy at C¥4.8b over the last year  On a trailing twelve month basis, Logan Group recorded total revenue of C¥6.3b and a net loss (excluding extra items) of C¥4.8b, with basic EPS at a loss of C¥0.86 over that period. Critics highlight a clearly bearish picture, as the five year record shows losses growing at about 54% per year, and the latest half year numbers still point to sizeable losses:\n     In 1H 2025 the company generated C¥3.4b of revenue but reported a C¥1.8b net loss (excluding extra items), after a C¥4.8b loss in 2H 2024 on C¥9.2b of revenue. This pattern aligns with the bearish concern that profitability pressure is persistent rather than a one off event, and that recent revenue levels are not yet translating into positive earnings.    Debt coverage risk stands out in cash flow analysis  The risk summary flags that over the last 12 months, debt was not well covered by operating cash flow, which signals that the business relied on sources other than its core operations to support its borrowings. Bears argue this weak coverage is a key financial risk, and the reported loss profile gives that view concrete support:\n     Trailing twelve month net losses of C¥4.8b sit alongside the comment that debt is poorly covered by operating cash flow, so leverage is being carried without clear earnings support. With 1H 2025 net income (excluding extra items) at a loss of C¥1.8b, the numbers back the bearish claim that balance sheet flexibility is constrained by ongoing loss making rather than improving cash generation.    On top of the weak cash coverage of debt, skeptics often point to the multi year loss trend as a reason to stay cautious on Logan Group's financial resilience. 🐻 Logan Group Bear Case Mixed valuation signals with P/S at 1x  The stock trades on a P/S of 1x, which is cheaper than peers at 2x but higher than the Hong Kong real estate industry average of 0.6x, while the DCF fair value of HK$5.56 sits well above the current share price of HK$1.27. What is interesting for a more optimistic angle is how these figures interact, because they give both bullish and cautious investors something to point to:\n     The valuation dataset suggests the share price is about 77.1% below the DCF fair value, which supports a bullish view that the market price is disconnected from the cash flow based estimate. At the same time, the five year 54% annual loss growth and the recent C¥4.8b trailing loss give bears a clear reason to question whether that DCF fair value will be realized, so the valuation gap sits against a very weak earnings record.    For anyone trying to weigh that valuation gap against the earnings and balance sheet pressures, it helps to see how different investors are framing the story around Logan Group right now, which you can do by checking the Curious how numbers become stories that shape markets? Explore Community Narratives. Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Logan Group's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. With sentiment split between concern about ongoing losses and potential valuation upside, it makes sense to look at the numbers yourself and decide where you stand. To weigh both sides of the argument in one place, start with the 1 key reward and 2 important warning signs. Explore Alternatives Logan Group is facing sizeable trailing losses of C¥4.8b, pressure on debt coverage by operating cash flow, and a prolonged period without clear earnings support. If you want ideas with stronger financial resilience and less balance sheet stress, start comparing companies in the 262 resilient stocks with low risk scores today and see how differently the numbers can look.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    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\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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