Chuang’s China Investments Limited (HK:0298) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- 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.
Chuang’s China Investments Limited anticipates a loss between HK$170 million to HK$210 million for the six months ending September 30, 2024, largely due to fair value loss of investment properties and impairment provision for a development site in the PRC. Despite the anticipated loss, the company’s financial position remains sound and this loss is primarily accounting-related with no immediate cash flow impact. Investors are advised to approach with caution as the company continues to prepare its interim financial results.
For further insights into HK:0298 stock, check out TipRanks’ Stock Analysis page.