Midea Real Estate Holding (HKG:3990) First Half 2024 Results
Key Financial Results
- Revenue: CN¥25.1b (down 31% from 1H 2023).
- Net income: CN¥375.9m (down 52% from 1H 2023).
- Profit margin: 1.5% (down from 2.2% in 1H 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.26 (down from CN¥0.58 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Midea Real Estate Holding Earnings Insights
Looking ahead, revenue is expected to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.5%.
Performance of the Hong Kong Real Estate industry.
The company's shares are up 1.5% from a week ago.
Valuation
If you are concerned about investing in overvalued stocks, our analysis of 6 valuation measures indicates Midea Real Estate Holding could be one stock to be wary of. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.