Fang Holdings +2.2% amid sunny 2018 profit guidance [Seeking Alpha]
Fang Holdings Limited American Depositary Shares (Each representing Four Class A Ordinary Shares, HK$1.00 par value) (SFUN)
Last fang holdings limited american depositary shares (each representing four class a ordinary shares, hk$1.00 par value) earnings: 11/30 06:22 am
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Company Research
Source: Seeking Alpha
Fang Holdings +2.2% amid sunny 2018 profit guidanceFang Holdings (NYSE:SFUN) isup 2.2% after postingQ4 earnings that missed expectations after revenues dropped by a third as the company changed business lines, but guided high for 2018 profits.Non-GAAP operating income was $32.6M; net income attributable to shareholders missed at $15.1M.The company returned to a full-year profit after two years of net losses, it notes. "Although Fang is still in its retransformation back to a platform player, it's clear that we are on the right track going forward," says Chairman/CEO Vincent Mo.EBITDA was $35.6M, up from a prior-year $2.4M.Revenue breakout: E-commerce services, $8.5M (down 91%); Marketing services, $49.6M (up 3.4%); Listing services, $41.8M (up 8.2%); Financial services, $3.65M (up 501%); Other value-added services and other services, $8.65M (up from prior-year deficit of $2.4M).It's guiding to net income gains of 388%-486% for 2018, to $100M-$120M (above consensus for $96.8M).Press re
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