Far East Horizon (HKG:3360) First Half 2024 Results
Key Financial Results
- Revenue: CN¥17.0b (down 1.5% from 1H 2023).
- Net income: CN¥2.09b (down 32% from 1H 2023).
- Profit margin: 12% (down from 18% in 1H 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CN¥0.49 (down from CN¥0.73 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Far East Horizon Earnings Insights
Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Hong Kong.
Performance of the Hong Kong Diversified Financial industry.
The company's shares are up 1.7% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Far East Horizon, and understanding it should be part of your investment process.
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