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Shanghai Zendai Property Ltd. ( (HK:0755) ) has issued an update.
DevGreat Group Limited has issued a profit warning, indicating an expected loss of at least HK$824 million for the year ending December 2024, compared to a profit of approximately HK$89 million in the previous year. This significant financial downturn is primarily attributed to a substantial provision for financial guarantees and a decrease in the fair value of investment properties, highlighting potential challenges in the company’s operational and market positioning.
More about Shanghai Zendai Property Ltd.
DevGreat Group Limited, formerly known as Shanghai Zendai Property Limited, is a company incorporated in Bermuda with limited liability and is listed on the Hong Kong Stock Exchange. The company operates in the real estate sector, focusing on property development and investment.
YTD Price Performance: -45.00%
Average Trading Volume: 25,743
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$89.28M
Learn more about 0755 stock on TipRanks’ Stock Analysis page.