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Grand Ocean Advanced Resources Co., Ltd. ( (HK:0065) ) has provided an update.
Grand Ocean Advanced Resources warned that it expects to post a loss after tax of about HK$70 million for 2025, wider than the HK$63.8 million loss a year earlier, mainly due to a HK$44 million impairment on its coal mining cash-generating unit amid lower projected coal output and rising capital and operating costs, as well as roughly HK$8 million in additional expected credit losses on a loan to an associate. The group also updated investors on its disputed investment in a copper mine in Laos, where it has completed local mediation, secured shareholder approval to change the legal representative of Thaisan Jiujiu, and now awaits an official ruling from the Ministry of Industry and Trade before the Laos court proceeds, leaving governance and control over the project in a state of legal uncertainty for now.
The board emphasized that the 2025 figures are based on unaudited management accounts and that final annual results are due for release at the end of March 2026, underscoring ongoing financial pressure from asset impairments and credit risk. The Laos legal process, if resolved in the company’s favor, could eventually clarify management control over the copper mine investment, but until a decision is issued, the project remains subject to legal and operational delays that may affect future contributions to the group’s resource portfolio.
The most recent analyst rating on (HK:0065) stock is a Sell with a HK$0.30 price target. To see the full list of analyst forecasts on Grand Ocean Advanced Resources Co., Ltd. stock, see the HK:0065 Stock Forecast page.
More about Grand Ocean Advanced Resources Co., Ltd.
Grand Ocean Advanced Resources Company Limited is a Hong Kong-listed resources group engaged primarily in coal mining, with additional investments in mineral projects such as a copper mine in Laos. The company focuses on extracting and developing energy and metal resources, and its performance is closely tied to production volumes, capital expenditure, and operating cost trends in these commodity sectors.
Average Trading Volume: 173,112
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$81.03M
For a thorough assessment of 0065 stock, go to TipRanks’ Stock Analysis page.