Interim Results Slight Beat, Improving Property Market Sentiment Bodes Well for the Company
Sino Land’s interim result for fiscal-year 2019 came in slightly ahead of our estimate. Underlying attributable profit was HKD 2.4 billion, compared with HKD 3.3 billion a year ago, excluding gains related to disposal and revaluation. The interim earnings are slightly more than half of our full-year projection of HKD 4.6 billion. The company declared an interim dividend of HKD 0.14 per share, up 7% year on year. The balance sheet has plenty of capacity and is at a strong net cash position. Sino ...Sino Land is an investment holding company. Co.'s segments include: property sales, property rental, property management and other services, hotel operations, investments in securities, and financing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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