tiprankstipranks
Trending News
More News >

China New City Group Anticipates Profitable Turnaround in FY2024

Story Highlights
China New City Group Anticipates Profitable Turnaround in FY2024

Confident Investing Starts Here:

An update from China New City Commercial Development Ltd ( (HK:1321) ) is now available.

China New City Group Limited has announced a positive profit alert, expecting a net profit between RMB400 million and RMB500 million for FY2024, a significant turnaround from a net loss of RMB425.1 million in FY2023. This improvement is attributed to strong sales performance from the International Office Centre project and enhanced cost control efficiency.

More about China New City Commercial Development Ltd

YTD Price Performance: -25.56%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €158.9M

For an in-depth examination of 1321 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1