Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hon Kwok Land Investment Co., Ltd. ( (HK:0160) ) has provided an announcement.
Hon Kwok Land Investment Co., Ltd. reported a 7% decrease in revenue for the fiscal year ending March 2025, primarily due to delays in project sales and hotel reopenings, as well as ongoing challenges in the Chinese property market. The company faced significant fair value losses on investment properties, resulting in a net loss of HK$675.3 million, compared to a profit in the previous year. The real estate market in Hong Kong and China remained difficult, impacted by high interest rates, economic restructuring, and trade tensions, despite government measures to stabilize the market.
More about Hon Kwok Land Investment Co., Ltd.
Hon Kwok Land Investment Co., Ltd. operates within the real estate industry, focusing on property development, property investment, and property management services. The company is involved in projects in Hong Kong and Mainland China, catering to both residential and commercial markets.
Average Trading Volume: 133,442
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$742M
For detailed information about 0160 stock, go to TipRanks’ Stock Analysis page.