Guangdong Investment (HKG:270) Full Year 2024 Results

Key Financial Results

• Revenue: HK$18.5b (down 24% from FY 2023).
• Net income: HK$4.64b (up 49% from FY 2023).
• Profit margin: 25% (up from 13% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: HK$0.71 (up from HK$0.48 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Guangdong Investment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Water Utilities industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 8.0% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Guangdong Investment (at least 1 which shouldn't be ignored), and understanding these should be part of your investment process.

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