We Think That There Are Some Issues For Far East Consortium International (HKG:35) Beyond Its Promising Earnings
FE CONSORT INTL: 2024 ANNUAL REPORT
MLS: The demand for first-hand properties in Hong Kong remains strong, with expectations for the volume of first-hand transactions to double from June to July.
The new property market is expected to remain lively in the second half of the year, with first-hand transaction volume expected to double in July compared to June.
Market Chatter: New World Development, Far East Consortium International's Apartment Project Gets 5,000 Orders
Market Chatter: Hong Kong Real Estate Developers Continue Sweetening Price Offerings to Drive Sales
Market Chatter: New World Development-Far East Consortium Project Apartments 27 Times Oversubscribed
Market Chatter: Apartments at New World Development-Far East Consortium Joint Development Cost Higher
[HK Stock Connect] New World Dev (00017) and FE Consort Intl (00035) jointly launch the sale of Phase 1 of Park Yoho Genova Development project.
Jointly developed by New World Development (00017) and F.E. CONSORT INTL. (00035), Kowloon East Harbourshore Oasis I (Phase 1 of Harbourshore Development Project) offers only three unique rooftop units known as "SKYFOREST". The units will be sold by tender. The "SKYFOREST" rooftop units include Unit A on the 29th floor of Tower 5, with a layout of three bedrooms and an area of 512 square feet plus a 369 square feet rooftop; Unit C on the 29th floor of Tower 5, with a layout of three bedrooms and one suite and an area of 560 square feet plus a 394 square feet rooftop; Unit G on the 29th floor of Tower 5, with a layout of two bedrooms plus a study room.
Market Chatter: New World Development-Far East Joint Project Prices Kai Tak Apartments to Eight-Year Low
Fe Consort Intl (00035.HK) received a shareholding increase of 0.1 million shares by Executive Director Qiu Yongxian.
According to the latest equity disclosure information from the Stock Exchange, on June 28, 2024, Fe Consort Intl (00035.HK) was increased its shareholding by director Qiu Yongxian at an average price of HKD 1.07 per share in the exchange with a total of 0.1 million shares, involving approximately HKD 0.107 million. After the shareholding increase, Qiu Yongxian's latest shareholding amount is 2.37815 million shares, and the shareholding ratio is 0.08%.
Kai Tak Parkside I will launch at the fastest this week, and New World Development (00017) is vigorously drafting the blueprint for the development of Kai Tak.
According to the Smart Finance and Economics APP, on July 2, New World Dev(00017) and Fe Consort Intl(00035) announced the latest sales plan for the Bai Wei Sen I residential project on Qide Chengjing Street. The project will start pricing as early as this week. The project officially opened two model units with decorated two rooms and ready for occupancy standards today, marking the high-end housing project's formal entry into the public view. It is understood that Bai Weisen, which is developed in three phases, will provide 1,305 households. The first phase of Bai Weisen I, which is now on stage and has already uploaded a floor book, provides 291 households. The unit type covers one to three rooms, and the practical area of the standard unit ranges from 272 to 560 square meters.
Hong Kong stocks change | Fe Consort Intl (00035) rose nearly 4%. The profit attributable to shareholders increased by more than 30% year-on-year last year.
According to the Zhongtong Finance APP, FE CONSORT INTL (00035) rose nearly 4%, and as of the publication, it rose 3.96%, to HKD 1.05, with a turnover of HKD 4,145,300. On the news side, FE CONSORT INTL released its annual results for the year ending March 31, 2024, with the group earning HKD 10.204 billion, up 57.49% year on year; the profit attributable to shareholders of the company was HKD 226 million, up 31.31% year on year; the earnings per share are HKD 0.082, and the proposed final dividend per share is HKD 0.1. The announcement stated that the group's profitability was affected by several factors during the year, but was supported by the sale of property.
Fe Consort Intl will distribute final dividends of HKD 0.1 per share on October 24th.
Fe consort intl (00035) announced that it will distribute a final dividend of HKD 0.1 per share on October 24, 2024.
For the 2024 fiscal year, fe consort intl (00035.HK) saw an increase of 31.3% in attributable profit to approximately HKD 226 million.
On June 27, Grong Hui reported that Fe Consort Intl (00035.HK) announced that the group's revenue in the 2024 fiscal year was approximately HKD 10.2 billion, a year-on-year increase of 57.5%. The net amount of attributable profit to shareholders increased by 31.3% annually to approximately HKD 226 million, while the adjusted cash surplus (non-GAAP financial measurement) increased by 35.5% over the 2023 fiscal year to approximately HKD 780 million.
Express News | Far East Consortium International FY Net Interest Margin 1.19%
Express News | Far East Consortium International FY Capex HKD 1,413 Million
Express News | Far East Consortium International FY Revenue HKD 10,200 Million
FE CONSORT INTL: ANNOUNCEMENT OF RESULTSFOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
Fe Consort Intl (00035.HK) plans to hold a board of directors meeting on June 27th to approve the annual performance.
On June 17th, GeLongHui reported that Fe Consort Intl (00035.HK) announced that the Board of Directors meeting will be held on Thursday, June 27, 2024. The agenda includes approving the publication of the annual performance report of the company and its subsidiaries ending on March 31, 2024, as well as considering the recommendation to distribute final dividends (if applicable).
FE CONSORT INTL: DATE OF BOARD MEETING
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