Chinese Estates (Holdings) (HK:0127) has released an update.
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Chinese Estates Holdings Limited has issued a profit warning, anticipating a significant decrease in revenue of 23% to 33% and projecting losses between HK$360 million to HK$480 million for the first half of 2024. The anticipated downturn is primarily due to reduced gains from sales of trading investments and a loss in the fair value of Hong Kong properties. Investors are urged to exercise caution and consider seeking independent professional advice when dealing with the company’s shares.
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