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Brokerage Focus: First Shanghai Downgrades Xing Sheng Commercial (06668) Target Price, Maintains 'Buy' Rating, Indicating Pressure on First-half Performance.
Jinwu News | First Shanghai Securities released a research report, stating that the company's revenue in the first half of 2024 was 0.314 billion yuan, a year-on-year increase of 8.8%; gross profit was 0.162 billion yuan, a year-on-year decrease of 1.6%; net income attributable to the parent company was 0.089 billion yuan, a year-on-year decrease of 8.1%. This is mainly due to the increase in the proportion of revenue from the low gross margin full leasing model projects during the period. The company opened new full leasing model projects during the period, and implemented stable business support policies for new projects, which led to a decrease in the gross margin of the full leasing model. The bank pointed out that the company focuses on the Greater Bay Area and the Yangtze River Delta region, and has a nationwide layout, focusing on its own capabilities, emphasizing quality over quantity.
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Performance Spotlight | Sino Prosperity Commercial (6668.HK): Stable revenue growth, continued high dividends to achieve high-quality development.
Recently, Pure business operation service scarce symbol Xingsheng Commercial (6668.HK), listed on the Hong Kong Stock Exchange under the light asset model, held the mid-term earnings conference for 2024, providing a detailed explanation of the company's mid-term performance. The following are the key points of Xingsheng Commercial's mid-term earnings conference for 2024: Steady growth in revenue, abundant cash and continuous high dividends, fulfilling high-quality development from core financial indicators, Xingsheng Commercial has demonstrated strong operating strength in the first half of the year. The company achieved a revenue of approximately 0.314 billion yuan, a year-on-year growth of approximately 8.8%. This steady growth trend is particularly rare against the backdrop of macroeconomic fluctuations, fully demonstrating the company's resilience.
Xing Sheng Commercial (06668) released its interim performance, achieving revenue of 0.314 billion yuan, a year-on-year increase of 8.8%. The interim dividend is HKD 0.048 per share.
XingSheng Commercial (06668) has released its interim performance for the six months ending on June 30, 2024, in which the group achieved revenue...
Express News | E Star Commercial Management H1 Net Income Attributable RMB 89.1 Million
Express News | E Star Commercial Management H1 Revenue RMB 313.8 Million
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