Core Viewpoint - Citigroup's report indicates that the Kowloon Warehouse Group has a debt ratio of 4.4%, and when considering its long-term investments of HKD 48 billion, with HKD 39.8 billion in stock holdings treated as quasi-cash, the company effectively holds HKD 33 billion in net cash, representing 50% of its market value [1] Financial Summary - The company is not in a hurry to reinvest due to macroeconomic uncertainties and market conditions, and may focus on monetizing existing land reserves [1] - Citigroup maintains a "Sell" rating on Kowloon Warehouse Group, lowering the target price from HKD 18.8 to HKD 18.3 [1] Shareholder Returns - There is an expectation among investors for the company to increase shareholder returns, but Citigroup anticipates that the company will maintain stable dividends per share without any increase [1] - The likelihood of share buybacks is considered low by Citigroup [1] Valuation Insights - Kowloon Warehouse Group is viewed as having the highest valuation in the industry, with a strong balance sheet allowing for various actions within the group, though this may not necessarily benefit the stock price [1]

Core Viewpoint - Citigroup's report indicates that Kowloon Warehouse Group has a debt ratio of 4.4%, and when considering its HKD 48 billion long-term investments, with HKD 39.8 billion in stock holdings treated as quasi-cash, the company effectively holds HKD 33 billion in net cash, representing 50% of its market value [1] Financial Position - The company is not in a hurry to reinvest due to macroeconomic uncertainties and market conditions, and may focus on monetizing existing land reserves [1] - Investors may price in expectations for increased shareholder returns, but Citigroup anticipates that the company will maintain stable dividends per share without raising them, and believes the likelihood of share buybacks is low [1] Valuation and Rating - Citigroup considers Kowloon Warehouse's valuation to be the highest in the industry, and its strong balance sheet allows for various actions within the group, though this may not necessarily benefit the stock price [1] - The firm maintains a "sell" rating on Kowloon Warehouse, lowering the target price from HKD 18.8 to HKD 18.3 [1]

Major Events - Kangji Medical (09997) received a privatization offer at a premium of approximately 9.9% [1] - China Resources Pharmaceutical (03320) plans to participate in the establishment of a fund [1] - Ganfeng Lithium (01772) intends to jointly integrate a joint venture with LAR to develop the Pozuelos-Pastos Grandes salt lake basin in Argentina [1] - China Antibody-B (03681) signed a comprehensive strategic cooperation agreement with the Hong Kong Advanced Institute of Research at Sun Yat-sen University [1] - Mingyuan Cloud (00909) plans to acquire 100% equity of ASIOT Corporation for 700 million yen [1] - Weilu Group (01196) experienced unusual stock price and trading volume changes and is in preliminary discussions with an independent third party regarding a potential acquisition of mobile game rights [1] Operating Performance - China Unicom (00762) reported revenue exceeding 200 billion yuan in the first half of the year, with a profit attributable to equity holders of 14.484 billion yuan, a year-on-year increase of 5.01% [1] - China Unicom (00762) had approximately 1.208 billion cumulative "Ubiquitous Intelligent Connection" users in the second quarter [1] - Tencent Music (01698) achieved double growth in revenue and profit in the first half of the year, with a profit attributable to equity holders of 6.7 billion yuan, a year-on-year increase of 115.85% [1] - Galaxy Entertainment (00027) reported a mid-term profit attributable to shareholders of 5.24 billion HKD, a year-on-year increase of 19.44% [1] - WH Group (00288) reported a mid-term profit attributable to shareholders of 788 million USD, a year-on-year increase of 0.51%, with an interim dividend of 0.2 HKD per share [1] - Minmetals Resources (01208) reported a mid-term profit attributable to equity holders of 340 million USD, a year-on-year increase of 1511% [1] - China Literature Group (00772) reported a mid-term profit attributable to shareholders of 850 million yuan, a year-on-year increase of 68.5% [1] - Hong Kong Electric (02638) reported a mid-term profit attributable to unit holders of 1.001 billion HKD, a year-on-year increase of 5.7% [1] - 361 Degrees (01361) reported a mid-term profit attributable to equity holders of 858 million yuan, a year-on-year increase of 8.6% [1] - Eagle Precision (01286) reported a mid-term profit attributable to equity holders of 346 million HKD, a year-on-year increase of 13.7% [1] - China Everbright Water (01857) reported a mid-term profit attributable to equity holders of 564 million HKD, a year-on-year decrease of 2.99% [1] - FIT HON TENG (06088) reported a mid-term profit attributable to shareholders of 31.511 million USD, a year-on-year decrease of 3.11% [1] - China Lilang (01234) reported a mid-term profit attributable to equity holders of 243 million yuan, a year-on-year decrease of 13.4% [1] - Fudan Zhangjiang (01349) reported a mid-term profit attributable to shareholders of 5.715 million yuan, a year-on-year decrease of 91.89% [1] - Wharf Holdings (00004) reported a mid-term profit attributable to shareholders of 535 million HKD, returning to profitability [1] - China Resources Land (01109) reported a cumulative contract sales amount of approximately 123.6 billion yuan for the first seven months, a year-on-year decrease of 11.8% [1]

Core Viewpoint - The company reported a mixed performance for the half-year ending June 30, 2025, with a slight increase in net profit but a significant decline in revenue and operating profit across various segments [1]. Financial Performance Summary - The group's underlying net profit increased by 3% to HKD 2.035 billion, primarily due to reduced interest expenses and taxes [1]. - Total revenue decreased by 19% to HKD 5.669 billion, down from HKD 7.032 billion in 2024 [1]. - Operating profit fell by 14% to HKD 2.657 billion, compared to HKD 3.085 billion in 2024 [1]. Segment Performance Summary - Investment property revenue decreased by 4% to HKD 2.281 billion, with operating profit down 6% to HKD 1.484 billion, attributed to soft rental rates for malls and offices [1]. - Development property revenue plummeted by 64% to HKD 739 million, with operating profit down 82% to HKD 71 million, with only one sale recognized during the period [1]. - Hotel revenue increased by 7% to HKD 312 million, but the segment recorded an operating loss of HKD 11 million, primarily due to the early operational phase of new hotels in Changsha [1]. - Logistics revenue slightly rose to HKD 1.076 billion, with operating profit up 11% to HKD 137 million, driven by increased throughput in mainland China [2]. - Investment operating profit decreased by 2% to HKD 1 billion, due to reduced dividend income [3].

期內，集团基础净盈利增加3%至20.35亿港元，主要因为利息支出和税项减少。投资物业收入减少4%至 22.81亿港元；发展物业收入下跌64%至7.39亿港元；酒店收入上升7%至3.12亿港元；物流收入微升至 10.76亿港元；投资营业盈利下跌2%至10亿港元。 本文源自财华网 【财华社讯】九龙仓集团(00004.HK)公布，截至2025年6月30日止六个月，收入约56.69亿港元，同比减 少19.38%；股东应占盈利5.35亿港元，上年同期则为亏损26.37亿港元；每股盈利0.18港元。拟派中期股 息0.2港元。 ...

中新网11月2日电(中新财经记者 左宇坤)伴随着各上市房企接连披露第三季度业绩报告，前10个月的销 售排行榜也随之出炉。备受关注的头部房企间，出现了一些排名的位移与发展的分化。 在三季度一轮轮高频次、大力度政策利好释放后，各地楼市已经历了需求逐渐入市、成交冲高回落的过 程。持续筑底中，房企该如何在四季度的"抢收战"中抢占先机？ "领头羊"有变 中指研究院发布的《2023年1-10月中国房地产企业销售业绩排行榜》显示，TOP100房企前10月销售总 额为52977亿元，同比下降13.1%。 在市场处于调整期的大背景下，房企间的排名也发生了不小的变化。在去年的1-10月销售榜中，销售额 前五强分别是碧桂园、保利发展、万科、中海地产、华润置地；今年的同一个维度下，前五名变成了保 利发展、万科、中海地产、华润置地、招商蛇口。 经过一年市场调整，保利发展与万科依然是闪亮的"双子星"。其中，保利发展以领先第二名565.5亿元 的优势稳居行业榜首，这一差距可谓是一个中型房企的销售规模。 在2022年初的保利发展2022年度工作会议上，董事长刘平提出了"进三争一"的新目标。虽说到了今年4 月的2022年度业绩说明会上，管理层 ...

Group 1 - The core viewpoint of the news is that Kowloon Warehouse Group reported a 3% increase in underlying net profit to HKD 2.035 billion for the first half of 2025, primarily due to reduced interest expenses and taxes [1] - The group declared an interim dividend of HKD 0.20 per share, totaling HKD 611 million, to be paid on September 16, 2025 [1] Group 2 - The group's revenue decreased by 19% to HKD 5.669 billion, and operating profit fell by 14% to HKD 2.657 billion [2] - Investment property revenue declined by 4% to HKD 2.281 billion, with operating profit down 6% to HKD 1.484 billion, attributed to soft rental rates for malls and offices [2] - Development property revenue plummeted by 64% to HKD 739 million, with operating profit dropping 82% to HKD 71 million, with only one sale recognized in Hong Kong during the period [2] - Hotel revenue increased by 7% to HKD 312 million, but the segment recorded an operating loss of HKD 11 million due to the initial operations of hotels in Changsha [2] - Logistics revenue slightly increased to HKD 1.076 billion, with operating profit rising 11% to HKD 137 million, driven by increased throughput in mainland China [2] - The group reported an unrealized revaluation loss of HKD 1.18 billion as of June 30, 2025, compared to HKD 481 million in 2024 [2]

Core Viewpoint - Kowloon Warehouse Group (00004) reported a significant turnaround in its financial performance for the half-year ending June 30, 2025, with a notable increase in shareholder profit compared to the previous year [1] Financial Performance - Revenue for the period was HKD 5.669 billion, representing a year-on-year decrease of 19.38% [1] - Shareholder profit reached HKD 535 million, a recovery from a loss of HKD 2.637 billion in the same period last year, indicating a successful turnaround [1] - Basic earnings per share were HKD 0.18, and the company proposed an interim dividend of HKD 0.2 per share [1] Investment Property Revenue - Investment property revenue decreased by 4% to HKD 2.281 billion, down from HKD 2.364 billion in 2024 [1] - Operating profit from investment properties fell by 6% to HKD 1.484 billion, compared to HKD 1.573 billion in 2024, attributed to soft rental rates for shopping malls and office buildings [1]

Core Viewpoint - Kowloon Warehouse Group (00004) reported a significant turnaround in its financial performance for the half-year period ending June 30, 2025, with a notable increase in profit compared to the previous year [1] Financial Performance - Revenue decreased by 19.38% to HKD 5.669 billion compared to the same period last year [1] - Shareholders' profit amounted to HKD 535 million, a recovery from a loss of HKD 2.637 billion in the previous year, indicating a successful turnaround [1] - Basic earnings per share were reported at HKD 0.18 [1] - The company proposed an interim dividend of HKD 0.2 per share [1] Investment Property Revenue - Investment property revenue fell by 4% to HKD 2.281 billion, down from HKD 2.364 billion in 2024 [1] - Operating profit decreased by 6% to HKD 1.484 billion, compared to HKD 1.573 billion in 2024, attributed to soft rental rates for shopping malls and office buildings [1]

EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 九龍倉集團有限公司 | | 股份代號 | 00004 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至二○二五年六月三十日止半年度中期股息 | | | 公告日期 | 2025年8月12日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.2 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.2 HKD | | 匯率 | 1 HKD : 1 HKD | | ...