Liu Chong Hing Investment Issues Profit Warning With Increased Property Losses

The latest update is out from Liu Chong Hing Investment Limited ( (HK:0194) ).

Liu Chong Hing Investment Limited has issued a profit warning, anticipating a loss attributable to its owners of between HK$800 million to HK$850 million for the year ending December 31, 2024. This is a minor increase compared to the previous year’s loss of HK$814.9 million, largely due to a significant fair value loss in investment properties, including a hotel reclassification. Despite these figures, the non-cash nature of the loss means it will not affect the company’s operating cash flow, and the group’s financial position remains healthy.

More about Liu Chong Hing Investment Limited

Liu Chong Hing Investment Limited, incorporated in Hong Kong, operates in the investment sector focusing on real estate and property investment.

YTD Price Performance: -1.72%

Average Trading Volume: 34,677

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.51B

See more data about 0194 stock on TipRanks’ Stock Analysis page.