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Hon Kwok Land Investment Co., Ltd. ( (HK:0160) ) just unveiled an update.
Hon Kwok Land Investment Co., Ltd. has issued a profit warning, indicating a significant expected net loss for the year ending March 31, 2025, due to a substantial revaluation loss of investment properties and deferred revenue recognition from a residential project in Guangzhou. Despite these challenges, the company’s overall financial position remains stable, with a slight increase in the gearing ratio, and the anticipated losses are non-cash and will not impact cash flow.
More about Hon Kwok Land Investment Co., Ltd.
Hon Kwok Land Investment Co., Ltd. is a company operating in the real estate industry, focusing on property development and investment. The company is involved in residential projects, with a market focus on Hong Kong and Mainland China.
Average Trading Volume: 122,094
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$734.8M
For detailed information about 0160 stock, go to TipRanks’ Stock Analysis page.