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Red Star Macalline Group Reports Second Quarter 2024 Earnings
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Red Star Macalline Group (HKG:1528) Second Quarter 2024 Results

Key Financial Results

  • Net income: CN¥370.2m (up by CN¥365.4m from 2Q 2023).
earnings-and-revenue-growth
SEHK:1528 Earnings and Revenue Growth September 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Red Star Macalline Group Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Red Star Macalline Group that you should be aware of.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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