Asia Commercial Holdings Limited (HK:0104) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.