Wheelock (00020) announced its interim results
As of the end of June, the profit attributable to shareholders was 8.327 billion yuan, down 3.22% year-on-year. The Chairman and the Managing Director, Mr Wong Chung-kwong, said that the Group was unable to ascertain the overall year-round situation at the beginning of the year. As there were many uncertainties, it was difficult to estimate the year-round situation at the beginning of the year. Until now, the Group also considered that the uncertainties in various aspects of the external Plus no reduction.
Wu Zongquan believes that it is not easy to see the market situation in the second half of the year
He said, “In Hong Kong, the most important thing is the mood of the staff and how the customers will look at it.” Whether the real estate will be launched in the second half of the year depends on the market conditions. He pointed out that at present, “the situation in the second half of the year is not clear, and it is expected that this year will still be up and down.” He said that Hong Kong is different from other places because external factors have a direct impact on the Hong Kong economy. From the recent economic data of Hong Kong, the overall economy has slowed down. However, under the influence of various factors, it is difficult to choose a statement. He only said that the overall situation cannot be separated from the impact of the Sino-US trade war. When asked about the current business environment in Hong Kong, he repeatedly said: “It is easy and easy.”
Regarding the prospects of the property market in Hong Kong, Wu Zongquan believes that the Group will continue to pay attention to the land and will only decide to enter the tender depending on the overall environment. Regarding investment in Hong Kong, he said that the Group has also entered the tender in Kai Tak in recent days, which will balance the market atmosphere and then determine the price. Wu Zongquan said that “the group has entered the bid for the block,” but there is no positive response to whether it will withdraw in the future. For his father Wu Guangzheng published a political commentary article in the newspaper. Wu Zongquan said that according to his understanding, Wu Guangzheng was published in a private office under a private name, so he understood that he represented his individual. The group participated in the anti-violence statement of 17 developers of the Real Estate Construction Chamber of Commerce last week. There are no supplements.
During the period, the Group’s revenue recorded a year-on-year growth of 23.53% to 21.713 billion yuan
The basic earnings per share was 4.07 yuan, and the interim dividend was 52.2 cents, an increase of 5% over the same period last year.