ITC Properties Group Limited (HK:0199) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
ITC Properties Group Limited has issued a profit warning, forecasting a net loss of at least HK$500 million for the six months ending September 2024. This anticipated loss is primarily due to the disposal of its stake in a Canadian hotel joint venture, coupled with declining property values amid global market uncertainties. Investors are advised to approach the company’s shares with caution.
For further insights into HK:0199 stock, check out TipRanks’ Stock Analysis page.