Homepage
PR Newswire
11-07-2022, 11:55 AM
Despite the explosive share price performance in 2021, credit concerns from years back turned out to be valid after all. This is also probably the reason for the sale of a large block of shares at what seemed like a low price of $1.50 in 2020.
The 'autopsy report' from the proposed demerger between HF and Poly also showed (albeit superficially) that HF is a weak operator and Poly played an outsized role in contributing to a better consolidated result. HF may have yet more receivables to impair.
Property agency is good business, and PRC's market will continue to grow. But it does not look like HF is a good horse to bet in this industry for the next 10 years.
https://www1.hkexnews.hk/listedco/listco...600377.pdf
The 'autopsy report' from the proposed demerger between HF and Poly also showed (albeit superficially) that HF is a weak operator and Poly played an outsized role in contributing to a better consolidated result. HF may have yet more receivables to impair.
Property agency is good business, and PRC's market will continue to grow. But it does not look like HF is a good horse to bet in this industry for the next 10 years.
https://www1.hkexnews.hk/listedco/listco...600377.pdf