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.
For further insights into HK:0127 stock, check out TipRanks’ Stock Analysis page.
