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An update from CCT Fortis Holdings Limited ( (HK:0138) ) is now available.
CCT Fortis Holdings Limited reported a net loss of approximately HK$210 million for the first half of 2025, a 26.5% increase from the previous year, primarily due to an impairment loss on a property. The company did not recommend an interim dividend, aiming to conserve cash amid global economic challenges and a slow recovery in Hong Kong’s economy. Despite these challenges, the Blackbird Group’s automotive operations, particularly the Ferrari importership, showed promising growth with a projected 10% increase in production for 2025.
More about CCT Fortis Holdings Limited
CCT Fortis Holdings Limited operates in various sectors including the Hong Kong property market, securities business, automotive business through Blackbird Group, and cultural entertainment, primarily film operations. The Blackbird Group, a significant part of its operations, is involved in the importership and dealership of luxury car brands Ferrari and Maserati in Hong Kong and Macau, along with car logistics and valuable collections trading.
Average Trading Volume: 291,750
Technical Sentiment Signal: Sell
Current Market Cap: HK$132.8M
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