Asia Commercial Holdings Limited (HK:0104) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Asia Commercial Holdings Limited anticipates a lower profit of at least HK$21 million for the year ended March 31, 2024, a decline from the previous year’s HK$44 million. The decrease is mainly due to the absence of government subsidies received last year and a higher revaluation loss on investment properties. Shareholders and potential investors are cautioned to trade carefully with the company’s shares.
For further insights into HK:0104 stock, check out TipRanks’ Stock Analysis page.