智通财经网·2025-08-25 06:39Group 1 - Goldman Sachs adjusted the basic earnings per share (EPS) forecast for Kerry Properties (00683) for 2025 to 2027 to HKD 1.47, 1.31, and 2.86 respectively, while maintaining the dividend per share at HKD 1.35, indicating a yield of approximately 6% [1] - The company's EPS for the first half of the year was HKD 0.67, a year-on-year decline of 30%, but exceeded Goldman Sachs' expectations by 49% [1] - EBITDA increased by 10% year-on-year, surpassing Goldman Sachs' expectations by 34%, primarily due to better-than-expected profit margins from both development and investment properties [1] Group 2 - The net interest expense for the first half was HKD 77 million, which was 63% lower than Goldman Sachs' expectations [1] - The group declared an interim dividend of HKD 0.4, which is in line with Goldman Sachs' expectations and unchanged year-on-year [1] - As of June 2025, the debt ratio was approximately 38.4%, a decrease of 3.1 percentage points from the end of the previous year, with management aiming to reduce the debt ratio to the lower end of 30% by the end of 2026, compared to an earlier target of the mid-range of 30% [1]