Hong Kong's Lai Fung annual turnover rises on stable rental income

Lai Fung Holdings

Tue 13:23

Overview
Hong Kong property developer's annual turnover rose 16.8% to HK$1.51 bln
Net loss attributable to owners widened to HK$591.6 mln from HK$419.4 mln
Adjusted EBITDA fell 35% yr/yr to HK$271 mln

Outlook
Company aims to achieve HK$2 bln in asset disposals over the next two years
Company is in talks to sell additional assets to improve liquidity
Lai Fung plans to pursue further en-bloc sales of accommodation towers in Hengqin

Result Drivers
RENTAL INCOME STABILITY - Income from rental properties and serviced apartments remained relatively stable, with newer office towers contributing incremental income
PROPERTY SALES - Revenue growth was driven by recognition of sales from accommodation towers in Hengqin Novotown Phase II
SALE-RELATED LOSS - Adjusted EBITDA fell due to a loss incurred on the sale of an accommodation tower in Hengqin Novotown Phase II

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Turnover
 
HK$1.51 bln
 

Analyst Coverage
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago

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Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1020/2026102001255.pdf
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)