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The latest announcement is out from Hopson Development Holdings Limited ( (HK:0754) ).
Hopson Development Holdings Limited announced an expected increase of over 30% in its consolidated underlying profit for 2024, driven by higher turnover from property sales. However, the company also anticipates a 60% to 70% decrease in overall consolidated profit due to reduced fair value gains on investment properties and inventory impairments in non-first-tier cities, reflecting challenges in the real estate market. Despite these setbacks, the company’s operating cash flow remains unaffected, and its financial position is stable.
More about Hopson Development Holdings Limited
Hopson Development Holdings Limited is a company incorporated in Bermuda, primarily engaged in the real estate industry. The company focuses on property development and sales, with a significant market presence in Hong Kong and mainland China.
YTD Price Performance: 1.18%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €1.46B
See more insights into 0754 stock on TipRanks’ Stock Analysis page.