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An update from Kaisa Group Holdings Ltd. ( (HK:1638) ) is now available.
Kaisa Group Holdings Ltd. has issued a profit warning, indicating an expected net loss of up to RMB11.0 billion for the first half of 2025, compared to RMB9.0 billion in the same period of 2024. This increase in losses is attributed to a decrease in property deliveries and an increase in impairment provisions for property projects. The financial results are based on preliminary unaudited management accounts, and investors are advised to exercise caution.
More about Kaisa Group Holdings Ltd.
Kaisa Group Holdings Ltd. is a company incorporated in the Cayman Islands with a focus on property development and real estate services. The company operates primarily in the Chinese market, engaging in the delivery and development of various property projects.
Average Trading Volume: 2,819,046
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.09B
For a thorough assessment of 1638 stock, go to TipRanks’ Stock Analysis page.