China Aerospace International Holdings Limited ( (HK:0031) ) has shared an announcement.
China Aerospace International Holdings Limited has issued a profit warning, anticipating a net loss between HK$60 million and HK$90 million for the year ending December 2024, a significant increase from the previous year’s loss of HK$1,765,000. Despite a projected 10% increase in revenue to approximately HK$3,800 million, the loss is attributed mainly to a HK$300 million decrease in the fair value of investment properties. This announcement may impact shareholder and investor confidence, urging caution in dealing with the company’s shares.
More about China Aerospace International Holdings Limited
China Aerospace International Holdings Limited is a company incorporated in Hong Kong with a focus on aerospace-related industries. It engages in the development and management of investment properties and other related businesses.
YTD Price Performance: 20.83%
Average Trading Volume: 1,895,330
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.36B
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