Sunac China Holdings ( (HK:1918) ) has shared an announcement.
Sunac China Holdings Limited has issued a profit warning, anticipating a significant increase in losses for the year ending December 31, 2024, with expected losses ranging from RMB25.5 billion to RMB26.0 billion. This increase is attributed to a market downturn and asset impairments, despite gains from onshore debt restructuring. The company advises caution to investors as the actual results may vary from the preliminary figures.
More about Sunac China Holdings
Sunac China Holdings Limited is a prominent real estate developer incorporated in the Cayman Islands. The company, along with its subsidiaries, focuses on property development and investment, primarily in the Chinese market.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.38B
Learn more about 1918 stock on TipRanks’ Stock Analysis page.