- Longfor Group's financial position is strong with a relatively low net gearing of 46.5%, but it could still be affected by credit issues relating to China's largest property developer.
- Longfor Group's key positives include stronger-than-expected residential property sales in 1H 2021, and a clear emphasis on growing recurring income from non-residential property businesses.
- Longfor Group is valued by the market 9.0 times consensus forward FY 2021 P/E and 1.87 times trailing P/B, which is unattractive.
For further details see:
Longfor Group: Still Unattractive