China's Onewo interim revenue rises
China's Onewo interim revenue rises
Overview
China property management provider's interim revenue rose 5.4% yr/yr to RMB19.1 bln
Net profit attributable to shareholders fell yr/yr; EPS unchanged at RMB0.68
Company proposed interim dividend of RMB0.711 per share, totaling RMB820 mln
Outlook
Company did not provide specific financial guidance for the current or future periods in its press release
Result Drivers
SEGMENT PERFORMANCE - Revenue growth was driven by increases in community space living consumption services and commercial and urban space integrated services, while AIoT and BPaaS solution services declined
COST CONTROL - Administrative expenses fell by RMB43 mln and the expense ratio declined by 0.5 percentage point period to period
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 19.11 bln |
|
H1 Net Income Attributable |
| RMB 781.6 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy"
Wall Street's median 12-month price target for Onewo Inc is HK$21.20, about 18.6% above its August 13 closing price of HK$17.88
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
Aug 10 - China's Midea Real Estate interim revenue falls, hurt by real estate technology
Aug 11 - Hong Kong's Wharf Holdings H1 net profit falls due to lower dividend income
Aug 13 - UK property firm Savills's H1 profit jumps on North America strength; warns of uncertainty
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(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.)