tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

InvesTech Anticipates Doubled Net Loss in H1 2024

InvesTech Anticipates Doubled Net Loss in H1 2024

InvesTech Holdings Limited (HK:1087) has released an update.

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.

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.

For further insights into HK:1087 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1