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An announcement from Allied Group ( (HK:0373) ) is now available.
Allied Group Limited has issued a positive profit alert, indicating a significant turnaround in its financial performance for the first half of 2025. The company expects a consolidated profit of HK$1.6 billion to HK$1.8 billion, a substantial improvement from a loss of HK$0.2 billion in the same period last year. This positive shift is primarily due to increased profits from its subsidiary Tian An China Investments, following the handover of residential units in Shanghai, and higher investment income from Sun Hung Kai & Co. Limited, despite a decrease in profits from its credit business.
The most recent analyst rating on (HK:0373) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Allied Group stock, see the HK:0373 Stock Forecast page.
More about Allied Group
Allied Group Limited operates in the investment and property development sectors, with a focus on residential projects in China. Its primary services include investment management and real estate development, with notable subsidiaries like Tian An China Investments Company Limited and Sun Hung Kai & Co. Limited.
Average Trading Volume: 522,739
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.06B
For detailed information about 0373 stock, go to TipRanks’ Stock Analysis page.