富瑞研报指出，略下调信和置业目标价5.3%，从9.5港元至9港元。评级从“买入”降至“持有”。报告称，信置2024财年全年业绩表明，该财年下半年基本溢利22亿港元，同比降34%。集团面临物业发展方面毛利率的压力，不过其租金收入保持强势。集团目前拥有净现金456亿港元，市值的62%。集团末期股息0.43港元保持平稳。Sino Land (00083) fell nearly 4%, as of the time of writing, the decline was 3.72%, and it was reported at HK$8.02, with a turnover of HK$45.6852 million.
According to the Futu Securities app, Sino Land (00083) fell nearly 4%, as of the time of writing, the decline was 3.72%, and it was reported at HK$8.02, with a turnover of HK$45.6852 million.
On the news, Sino Land announced its annual results for the year ended June 30, 2024. The group's revenue was HK$8.765 billion, a year-on-year decrease of 26.23%. The attributable profit to the company's shareholders was HK$4.402 billion, a year-on-year decrease of 24.74%. The basic earnings per share were HK$0.52, and a final dividend of HK$0.43 per share is proposed.
According to a research report by Futu Securities, the target price for Sino Land was slightly reduced by 5.3% from HK$9.5 to HK$9. The rating was downgraded from "buy" to "hold". The report states that Sino Land's full-year performance for the 2024 fiscal year indicates a basic profit of HK$2.2 billion in the second half of the fiscal year, a year-on-year decrease of 34%. The group is facing pressure on gross margin in the property development sector, but its rental income remains strong. The group currently has a net cash of HK$45.6 billion, which accounts for 62% of its market cap. The final dividend of HK$0.43 per share remains stable.
