tiprankstipranks
Advertisement
Advertisement

Hi Sun Technology flags further impairment on Megahunt investment for 2025

Story Highlights
  • Hi Sun Technology expects a HK$100 million non-cash impairment on its Megahunt investment in 2025.
  • The continued non-operating loss on Megahunt, though smaller than 2024, may pressure earnings and investor sentiment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hi Sun Technology flags further impairment on Megahunt investment for 2025

Meet Samuel – Your Personal Investing Prophet

Hi Sun Technology (China) Limited ( (HK:0818) ) has issued an announcement.

Hi Sun Technology (China) Limited has alerted shareholders that it expects to book a non-cash impairment loss of about HK$100 million in 2025 on its investment in associated company Megahunt Technologies Inc., following a revised forecast reflecting changing market conditions and Megahunt’s business development. This projected impairment, which will be classified as a non-operating loss and compares with a HK$141.3 million non-cash impairment in 2024, signals continued pressure on the value of the Megahunt stake and may weigh on the group’s reported earnings, prompting the board to caution investors as it prepares to publish 2025 results in March 2026.

The most recent analyst rating on (HK:0818) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hi Sun Technology (China) Limited stock, see the HK:0818 Stock Forecast page.

More about Hi Sun Technology (China) Limited

Hi Sun Technology (China) Limited is a Bermuda-incorporated company listed in Hong Kong that operates through a group structure, with investments including an associate, Megahunt Technologies Inc. The group is engaged in technology-related businesses in China and uses its listed platform to manage and report on these strategic equity holdings to shareholders and investors.

Average Trading Volume: 1,596,096

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.42B

For an in-depth examination of 0818 stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1