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Hongkong & Shanghai Hotels (HK:0045)
:0045
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.25Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Aug 07, 2024
|% Change Since: -7.95%
|Next Earnings Date:Mar 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong revenue growth driven by new properties and residential sales, alongside significant losses influenced by high depreciation, interest costs, and weak tourism in Hong Kong. Positive momentum in new hotels and sustainability initiatives provide optimism, but challenges in key markets remain.Company Guidance
During the Q2 2024 earnings call for The Hongkong and Shanghai Hotels, key guidance focused on several financial metrics and operational updates. Consolidated revenue increased by 89% to $4.6 billion, largely driven by $1.7 billion from the sale of Peninsula-branded London Residences and additional revenue from new hotels in London and Istanbul. Despite this, EBITDA before nonrecurring expenses decreased from $498 million to $395 million due to ongoing renovations at The Peninsula New York and the stabilization period required for the new hotels. Increased depreciation and net financing charges, primarily related to The Peninsula London, contributed to a net loss of $448 million for the period. The company expects interest costs to decline with future proceeds from remaining residential sales in London. The second half of the year is anticipated to be stronger, bolstered by events like The Quail Motorsports Gathering and mooncake sales, though challenges persist in Hong Kong's tourism sector. The management emphasized the long-term strategic focus on stabilizing new properties and leveraging existing assets.Record Revenue Growth
Consolidated revenue increased by 89% to $4.6 billion, driven by residential sales and new hotel openings.
Positive Developments in New Properties
The Peninsula London and Istanbul showed good momentum, with Peninsula London achieving the highest revenue in the group for July.
Commercial Properties Performance
Revenue from commercial properties rose by over 400% to $2.1 billion, largely due to residential sales.
Strong Performance in Mainland China
The Peninsula Shanghai reported strong results with a return of international visitors, and The Peninsula Beijing achieved a 27% year-over-year increase in RevPAR.
Sustainability Initiatives
74% of total committed facilities classified as green or sustainability-linked loans, up from 57% last year.
HK:0045 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:0045 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2025 | HK$5.91 | HK$5.71 | -3.38% |
Aug 07, 2024 | HK$5.42 | HK$5.41 | -0.18% |
Mar 19, 2024 | HK$5.92 | HK$5.62 | -5.17% |
Aug 03, 2023 | HK$6.81 | HK$6.75 | -0.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hongkong & Shanghai Hotels (HK:0045) report earnings?
Hongkong & Shanghai Hotels (HK:0045) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Hongkong & Shanghai Hotels (HK:0045) earnings time?
Hongkong & Shanghai Hotels (HK:0045) earnings time is at Mar 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Hongkong & Shanghai Hotels stock?
The P/E ratio of Hongkong & Shanghai Hotels is N/A.
What is HK:0045 EPS forecast?
Currently, no data Available