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The latest update is out from Chinese Estates (Holdings) ( (HK:0127) ).
Chinese Estates Holdings Limited has issued a profit warning, indicating an expected revenue decline of 25% to 35% and a net loss ranging from HK$2.0 billion to HK$2.2 billion for the year ending December 31, 2024. The anticipated financial downturn is attributed to decreases in gross rental income, sales gains on investments, and dividend income, as well as a significant drop in the fair value of investment properties, particularly those located in Hong Kong. These changes are expected to impact the company’s financial standing and market positioning, urging shareholders and potential investors to exercise caution.
More about Chinese Estates (Holdings)
Chinese Estates Holdings Limited is a company incorporated in Bermuda with a focus on investment properties, real estate development, and related markets. The company is involved in generating revenue through gross rental income, sales of investments, and dividend income from investee companies.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $289.4M
For an in-depth examination of 0127 stock, go to TipRanks’ Stock Analysis page.