Skip to content
Alpha Edge Investing

Alpha Edge Investing

"Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand better than others, they have an edge.” – George Soros

  • Home
  • Earnings Updates/ Corporate Actions
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trust/ ETF
  • News
  • My Opinions/ Views
  • Others
  • About Me
  • Contact
  • Disclaimer
  • Community and Support Forums
  • Toggle search form

DBS: Longfor Group – Buy Target price HK$30.05

Posted on August 30, 2022August 30, 2022 By alanyeo No Comments on DBS: Longfor Group – Buy Target price HK$30.05

Optimising business mix

  • Plans to reduce development exposure, with a 50:50 gross profit mix target between property development and recurring businesses in the medium term 
  • Earnings outlook may take a short pause in FY22-23, with lower but still decent dividend yield at c.5% 
  • Cutting FY22-24F earnings by 8-12% to factor in slower presales outlook, lower margin assumptions, and adjusted growth strategy 
  • Maintain BUY with TP of HK$30.05/sh
Longfor_30-Aug-2022_HK_CU-ResultsClick here to Download Full Report in PDF

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Research - Equities Tags:Longfor

Post navigation

Previous Post: DBS: China Lesso Group Holdings Ltd – Buy Target Price HK$20.70
Next Post: China Galaxy: Meituan – Add Target Price HK$240 (Previous HK$220)

Related Posts

DBS: Longfor Group – Buy Target Price HK$27.82 Research - Equities
DBS: China Property Weekly Research - Equities
DBS: News Alert – China Property Sector: Extending the “16 Financial Measures” by a longer than expected duration Research - Equities
DBS: How far can replacement demand get us? – China Property Sector Research - Equities
DBS: 2H 2023 Outlook Research - Equities
DBS: China Property Sector Research - Equities
CIMB: China Property – China Overseas Land & Investment, China Resources Land, Longfor, Country Garden Research - Equities
CIMB: China Properties – CR Land, COLI and Longfor Research - Equities
DBS: China Property Sector Research - Equities
DBS: China Property Weekly Digest Research - Equities
DBS: China Real Estate Research - Equities
DBS: China Real Estate Research - Equities

Leave a Reply

You must be logged in to post a comment.

Login

Log In
Register Lost Password
Get new posts by email
Chat on WhatsApp
  • Earnings Updates/ Corporate Actions
  • My Opinions/ Views
  • News
  • Others
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trusts/ ETF

Copyright © 2023 Alpha Edge Investing.

Powered by PressBook Grid Blogs theme