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.
順豪置業投資有限公司(HKG:219)剛剛公佈了健康的收益,但股價沒有太大變動。我們的分析表明,投資者可能遺漏了一些有希望的細節。
查看我們對順豪地產投資的最新分析
![earnings-and-revenue-history](https://usnewsfile.futunn.com/pic/0-15295050-0-c3c91eabc8b9fc76669d5661a86953c2.png/big)
聯交所:219盈利及收入歷史2022年10月3日
不尋常的項目如何影響利潤?
對於任何想要了解順和地產投資公司超出法定數字的利潤的人來説,重要的是要注意到,在過去12個月裏,由於不尋常的項目,法定利潤減少了2400萬港元。看到不尋常的項目讓公司損失利潤從來都不是件好事,但從好的方面來看,情況可能很快就會改善。當我們分析全球絕大多數上市公司時,我們發現重大的不尋常項目往往不會重複。畢竟,這正是會計術語所暗示的。假設這些不尋常的支出不會再次出現,我們因此預計,在其他條件不變的情況下,順和地產投資公司明年將產生更高的利潤。
注:我們總是建議投資者檢查資產負債表的實力。點擊此處進入我們對順豪地產投資的資產負債表分析。
我們對順豪地產投資公司盈利表現的看法
由於不尋常的項目減損了順和地產投資公司過去一年的收益,你可以辯稱,我們可以預期本季度的業績會有所改善。基於這一觀察,我們認為順和地產投資的法定利潤很可能實際上低估了其盈利潛力!同樣積極的是,該公司在去年虧損後,表現出了足夠的改善,今年實現了盈利。當然,當談到分析其收益時,我們只是觸及了皮毛;人們還可以考慮利潤率、預測增長和投資回報等因素。如果你真的想更深入地研究順和地產投資公司,你還應該調查它目前面臨的風險。例如,順和地產投資公司擁有2個警告標誌(還有一個不容忽視)我們認為你應該知道這一點。
今天,我們放大了一個數據點,以更好地瞭解順和地產投資公司的利潤性質。但如果你有能力將注意力集中在細枝末節上,總會有更多的東西需要發現。例如,許多人認為高股本回報率是有利的商業經濟指標,而另一些人則喜歡“跟着錢走”,尋找內部人士正在買入的股票。所以你可能想看看這個免費擁有高股本回報率的公司的集合,或內部人士正在購買的這份股票清單。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。