Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Horizon Construction Development Limited ( (HK:9930) ) is now available.
Horizon Construction Development Limited has warned that its revenue for 2025 is expected to fall by nearly 20% from the RMB11.58 billion recorded in 2024, with profit attributable to shareholders forecast to plunge by 70%–90% amid a challenging market for equipment operation in Mainland China. The company cites declining rental prices for domestic equipment, a deliberate scaling back of its materials business, and reduced, less profitable sales of material assets due to weaker steel prices as key drivers of the deterioration, signaling mounting margin pressure and operational headwinds that could weigh on shareholder returns and highlight broader softness in China’s construction-related demand.
The most recent analyst rating on (HK:9930) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Horizon Construction Development Limited stock, see the HK:9930 Stock Forecast page.
More about Horizon Construction Development Limited
Horizon Construction Development Limited is a Hong Kong–listed company in the equipment operation and construction services industry, focusing on domestic aerial work platform leasing, engineering and technical services, and trading of material assets in Mainland China.
Average Trading Volume: 368,190
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.26B
For detailed information about 9930 stock, go to TipRanks’ Stock Analysis page.