InvesTech Holdings Limited (HK:1087) has released an update.
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InvesTech Holdings Limited warns of a projected increase in net loss for the first half of 2024, estimating a loss between RMB 38.0 million and RMB 43.0 million, nearly doubling the previous year’s RMB 19.3 million. The anticipated loss is largely due to a RMB 14.9 million fair value loss in investment properties amid a weak commercial property market in Hong Kong and heightened competition in Mainland China’s market. Shareholders and potential investors are advised to exercise caution when trading company shares.
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