The latest update is out from Hongkong Chinese Limited ( (HK:0655) ).
Hongkong Chinese Limited has issued a profit warning, indicating an expected consolidated loss of approximately HK$1,200 million for the year ended December 31, 2024, compared to a profit of HK$157 million in the previous year. This anticipated loss is primarily due to the significant share of loss from the company’s joint ventures, largely non-cash in nature, and net fair value losses on investment properties. The company advises shareholders and potential investors to exercise caution when dealing with its shares.
More about Hongkong Chinese Limited
Hongkong Chinese Limited is a company incorporated in Bermuda with limited liability, and it is listed on the Stock Exchange of Hong Kong. The company operates through its subsidiaries and joint ventures, focusing on various investment activities.
YTD Price Performance: -24.24%
Average Trading Volume: 2,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: €59.11M
Learn more about 0655 stock on TipRanks’ Stock Analysis page.