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The latest announcement is out from Powerlong Real Estate Holdings Ltd. ( (HK:1238) ).
Powerlong Real Estate Holdings Limited has issued a profit warning, indicating an expected loss between RMB2,600 million and RMB2,900 million for the first half of 2025, compared to a loss of RMB2,047 million in the same period of 2024. The increased losses are attributed to impairment provisions for property projects and a decrease in the fair value of investment properties, reflecting the challenging conditions in the real estate sector.
More about Powerlong Real Estate Holdings Ltd.
Powerlong Real Estate Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the real estate industry. The company focuses on property development and investment, with a market presence in Hong Kong.
Average Trading Volume: 2,327,305
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.43B
See more data about 1238 stock on TipRanks’ Stock Analysis page.