China Sandi Holdings Ltd. (HK:0910) has released an update.
Elevate Your Investing Strategy:
- 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.
China Sandi Holdings Limited has issued a profit warning, expecting to post a loss after tax of RMB 200-300 million for the first half of 2024, in stark contrast to the profit of RMB 146 million in the same period last year. This anticipated loss is due to decreased revenue in property sales, a downturn in the real estate industry, and impairment losses on properties under development. While advising shareholders and potential investors to exercise caution, the company remains optimistic about its financial health and future prospects.
For further insights into HK:0910 stock, check out TipRanks’ Stock Analysis page.