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Far East Holdings International Ltd. ( (HK:0036) ) has issued an update.
Far East Holdings International Ltd. has issued a profit warning, indicating that the company expects to report an unaudited loss of at least HK$620 million for the year ending December 31, 2024. This anticipated loss is significantly higher than the HK$123 million loss reported for the previous year, primarily due to fair value loss on investment properties and increased finance costs. Stakeholders are advised to exercise caution when dealing with the company’s shares, as the financial results are yet to be finalized and audited.
More about Far East Holdings International Ltd.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.64M
For a thorough assessment of 0036 stock, go to TipRanks’ Stock Analysis page.