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An announcement from Far East Consortium International ( (HK:0035) ) is now available.
Far East Consortium International Limited has issued a profit warning, anticipating a loss of up to HK$1,300 million for the fiscal year ending March 31, 2025, compared to a profit of HK$226 million the previous year. This expected loss is attributed to non-cash factors such as changes in the fair value of investment properties and impairment losses. Despite this, the company’s adjusted cash profit is expected to be at least HK$200 million, and the adjusted net gearing ratio is projected to remain stable, indicating resilience in its financial structure.
The most recent analyst rating on (HK:0035) stock is a Buy with a HK$1.55 price target. To see the full list of analyst forecasts on Far East Consortium International stock, see the HK:0035 Stock Forecast page.
More about Far East Consortium International
Far East Consortium International Limited is a company incorporated in the Cayman Islands, operating in the real estate and hospitality industry. It is involved in property development, hotel operations, and car park management, with a market focus primarily in Asia Pacific regions.
Average Trading Volume: 981,073
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.88B
See more insights into 0035 stock on TipRanks’ Stock Analysis page.