Sunac Services Holdings (01516.HK) saw its stock price surge 6.29% in the pre-market trading session on Tuesday, following the release of its full-year financial results and a proposed dividend announcement. The property management company's shares attracted significant investor interest as it demonstrated resilience in a challenging market environment.
According to the company's financial report, Sunac Services recorded a full-year revenue of RMB 6,970 million, maintaining a robust top-line performance. Despite facing headwinds in the real estate sector, the company managed to achieve a gross margin of 21.9%, indicating effective cost management and operational efficiency. In a move that pleased shareholders, Sunac Services proposed a final dividend of RMB 14.3 cents per share, signaling confidence in its financial position and commitment to delivering value to investors.
While the company reported a net loss of RMB 433.1 million for the fiscal year, the market's positive reaction suggests that investors are focusing on the company's revenue performance, margin maintenance, and shareholder returns. The strong pre-market rally indicates that market participants are optimistic about Sunac Services' prospects and its ability to navigate the challenges in the property management sector. As trading continues, it remains to be seen whether this momentum will be sustained throughout the session.
