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The latest announcement is out from Cheuk Nang (Holdings) Limited ( (HK:0131) ).
Cheuk Nang (Holdings) Limited has issued a profit warning, indicating an expected significant loss for the fiscal year ending June 30, 2025, ranging from HK$980 million to HK$1,100 million, compared to a profit of HK$172 million in the previous year. This anticipated loss is attributed to several factors, including a lack of property sales in Hong Kong, a substantial increase in the fair value loss of investment properties, a rise in administrative expenses due to provisions for properties under development, and a decrease in income tax credits.
The most recent analyst rating on (HK:0131) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Cheuk Nang (Holdings) Limited stock, see the HK:0131 Stock Forecast page.
More about Cheuk Nang (Holdings) Limited
Cheuk Nang (Holdings) Limited is a company incorporated in Hong Kong, primarily involved in property development and investment. The company focuses on the Hong Kong real estate market, dealing with the sale and management of properties.
Average Trading Volume: 67,692
Technical Sentiment Signal: Sell
Current Market Cap: HK$933.3M
Find detailed analytics on 0131 stock on TipRanks’ Stock Analysis page.