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An update from Magnificent Hotel Investments Limited ( (HK:0201) ) is now available.
Magnificent Hotel Investments Limited, Shun Ho Property Investments Limited, and Shun Ho Holdings Limited have issued a profit warning for the financial year ending December 2024. Despite achieving over 90% hotel occupancy and increased hotel revenue, the companies expect a significant rise in net profit before revaluation and depreciation due to reduced costs and no extraordinary tax expenses. However, the net profit after revaluation and depreciation is expected to decrease due to a drop in property valuations amid a weak property market.
More about Magnificent Hotel Investments Limited
Magnificent Hotel Investments Limited, along with Shun Ho Property Investments Limited and Shun Ho Holdings Limited, operates in the hospitality industry, focusing on hotel investments and property management. The companies are incorporated in Hong Kong and are listed on the Hong Kong Stock Exchange.
YTD Price Performance: 5.41%
Average Trading Volume: 716,360
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$697.9M
For detailed information about 0201 stock, go to TipRanks’ Stock Analysis page.