Capital Estate Limited (HK:0193) 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.
Capital Estate Limited has announced a significant turnaround, expecting a profit of at least HK$4 million for the year ending July 2024, compared to a HK$30 million loss the previous year. This improvement is attributed to increased revenue from hotel operations, property sales, and a substantial profit from an associate. Investors are advised to be cautious as these figures are preliminary and unaudited.
For further insights into HK:0193 stock, check out TipRanks’ Stock Analysis page.