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The latest announcement is out from Glory Sun Land Group Limited ( (HK:0299) ).
Glory Sun Land Group Limited has announced a profit warning, indicating an expected net loss of not exceeding HK$245 million for the first half of 2025. This anticipated loss is primarily due to a significant drop in revenue caused by the prolonged downturn in the PRC real estate market, a decrease in the fair value of investment properties, and an impairment loss related to a land redevelopment project. The announcement suggests caution for shareholders and potential investors when dealing with the company’s securities.
More about Glory Sun Land Group Limited
Technical Sentiment Signal: Sell
Current Market Cap: HK$11.58M
For detailed information about 0299 stock, go to TipRanks’ Stock Analysis page.