Shun Ho Property Investments Limited (HKG:219) just reported healthy earnings but the stock price didn't move much. Our analysis suggests that investors might be missing some promising details.
View our latest analysis for Shun Ho Property Investments
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SEHK:219 Earnings and Revenue History October 3rd 2022
How Do Unusual Items Influence Profit?
For anyone who wants to understand Shun Ho Property Investments' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by HK$24m due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect Shun Ho Property Investments to produce a higher profit next year, all else being equal.
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Shun Ho Property Investments.
Our Take On Shun Ho Property Investments' Profit Performance
Because unusual items detracted from Shun Ho Property Investments' earnings over the last year, you could argue that we can expect an improved result in the current quarter. Based on this observation, we consider it likely that Shun Ho Property Investments' statutory profit actually understates its earnings potential! And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you want to do dive deeper into Shun Ho Property Investments, you'd also look into what risks it is currently facing. For example, Shun Ho Property Investments has 2 warning signs (and 1 which can't be ignored) we think you should know about.
Today we've zoomed in on a single data point to better understand the nature of Shun Ho Property Investments' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
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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.
顺豪置业投资有限公司(HKG:219)刚刚公布了健康的收益,但股价没有太大变动。我们的分析表明,投资者可能遗漏了一些有希望的细节。
查看我们对顺豪地产投资的最新分析
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联交所:219盈利及收入历史2022年10月3日
不寻常的项目如何影响利润?
对于任何想要了解顺和地产投资公司超出法定数字的利润的人来说,重要的是要注意到,在过去12个月里,由于不寻常的项目,法定利润减少了2400万港元。看到不寻常的项目让公司损失利润从来都不是件好事,但从好的方面来看,情况可能很快就会改善。当我们分析全球绝大多数上市公司时,我们发现重大的不寻常项目往往不会重复。毕竟,这正是会计术语所暗示的。假设这些不寻常的支出不会再次出现,我们因此预计,在其他条件不变的情况下,顺和地产投资公司明年将产生更高的利润。
注:我们总是建议投资者检查资产负债表的实力。点击此处进入我们对顺豪地产投资的资产负债表分析。
我们对顺豪地产投资公司盈利表现的看法
由于不寻常的项目减损了顺和地产投资公司过去一年的收益,你可以辩称,我们可以预期本季度的业绩会有所改善。基于这一观察,我们认为顺和地产投资的法定利润很可能实际上低估了其盈利潜力!同样积极的是,该公司在去年亏损后,表现出了足够的改善,今年实现了盈利。当然,当谈到分析其收益时,我们只是触及了皮毛;人们还可以考虑利润率、预测增长和投资回报等因素。如果你真的想更深入地研究顺和地产投资公司,你还应该调查它目前面临的风险。例如,顺和地产投资公司拥有2个警告标志(还有一个不容忽视)我们认为你应该知道这一点。
今天,我们放大了一个数据点,以更好地了解顺和地产投资公司的利润性质。但如果你有能力将注意力集中在细枝末节上,总会有更多的东西需要发现。例如,许多人认为高股本回报率是有利的商业经济指标,而另一些人则喜欢“跟着钱走”,寻找内部人士正在买入的股票。所以你可能想看看这个免费拥有高股本回报率的公司的集合,或内部人士正在购买的这份股票清单。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。