The Zhitong Finance App learned that Shenzhen International (00152) fell nearly 5% at the end of the session. As of press release, it decreased by 4.58% to HK$5.11, with a turnover of HK$597.402 million.
According to the news, Shenzhen International's interim results showed that revenue for the first half of the year was HK$8.230 billion, up 23.4% year on year; net loss to mother was HK$221 million, which changed from profit to loss year on year. Huatai Securities pointed out that the company's net profit declined significantly in the first half of the year, mainly due to a loss of HK$331 million in the fair value of investment properties and the loss of associated companies holding 50% of the Group's shares, which caused the net profit of the Logistics Park Transformation and Upgrading Division to fall by HK$444 million over the same period last year.
The bank pointed out that due to weak short-term profits, the company's recent stock price and valuation are under pressure, but after looking ahead, we believe that along with the cultivation of new construction projects such as the Pinghu Hunan Project, the company's main business may rise steadily. At the same time, the remaining land revenue and housing sales revenue to be transformed in the South China Logistics Park may still be quite impressive. 2H26 can push the company to reverse losses and continue to contribute to profits. If the company maintains a 50% dividend rate, according to the closing price on August 28, the 26E dividend rate is expected to reach 7.1%, which is already quite attractive.