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The latest update is out from Hands Form Holdings Limited ( (HK:1920) ).
China Wacan Group Company Limited has announced supplemental information regarding impairment losses under the expected credit loss model for two construction projects in Chai Wan and Kwun Tong. The company faced delays in payment from a customer, leading to a recognition of impairment losses of approximately HK$15.7 million and HK$3.6 million. The valuation was based on a report by an independent valuer, categorizing receivables into three risk groups, with Group C being considered defaulted due to significant overdue payments and changes in debtor credit ratings.
The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.
More about Hands Form Holdings Limited
Average Trading Volume: 5,169,125
Technical Sentiment Signal: Sell
Current Market Cap: HK$166.6M
For detailed information about 1920 stock, go to TipRanks’ Stock Analysis page.