Hong Kong's Sino Land FY revenue falls on retail, industrial pressure

Sino Land

01/09/2026 09:50

Overview
Hong Kong property developer's FY underlying profit and EPS declined year-on-year
Net profit rose due to smaller investment property revaluation loss
Revenue from property sales and rental activities both declined year-on-year

Outlook
Company says it will monitor macroeconomic and geopolitical developments amid ongoing uncertainties
Company expects government measures to support a stable property market and improved sentiment
Company sees positive trends in residential demand and leasing activity due to talent admission schemes and student quotas

Result Drivers
LOWER PROPERTY REVALUATION LOSS – Net profit rose as the non-cash revaluation loss on investment properties narrowed to HK$192 mln from HK$1.084 bln
RETAIL AND INDUSTRIAL PRESSURE – Net rental income fell 2.4% as challenging retail and industrial conditions reduced gross rental revenue, while new assets and tenancy mix lifted operating costs
HOTEL RECOVERY - Co said hotel revenue rose, supported by recovering tourist arrivals and stronger business and leisure demand

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
HK$9.27 bln
 
FY Net Income Attributable
 
HK$4.59 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
Wall Street's median 12-month price target for Sino Land Co Ltd is HK$13.40, about 29.6% above its August 31 closing price of HK$10.34
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Aug 30 - China Resources Land H1 revenue falls sharply amid weakness in development property
Aug 31 - China's property stocks fall as new rules upend presale funding playbook
Aug 31 - Hong Kong July retail sales rise 4.5%, supported by economic expansion, tourism

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-09-01/fa6863c3-1d24-4da1-8a68-197c06817fed.file
(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.)