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Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) just unveiled an announcement.
Red Star Macalline has warned that its net profit attributable to shareholders for 2025 is expected to be negative, reflecting sustained weakness in China’s home furnishing retail market amid the protracted downturn in the real estate sector, which has depressed rental and management income and driven a notable decline in rental levels. The company has lowered its expectations for future rental income, leading to a substantial reduction in the book value of its investment properties, and has also booked asset impairment provisions based on updated recoverable amounts, moves that signal ongoing pressure on earnings and asset quality and underscore heightened risks for shareholders and potential investors, who are urged to exercise caution as the group accelerates its financial accounting and may issue further disclosures.
The most recent analyst rating on (HK:1528) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Red Star Macalline Group Corporation Ltd Class H stock, see the HK:1528 Stock Forecast page.
More about Red Star Macalline Group Corporation Ltd Class H
Red Star Macalline Group Corporation Ltd. is a PRC-incorporated, Sino-foreign joint stock company listed in Hong Kong and Shanghai that operates in the home furnishing retail and related property sector, deriving a significant portion of its revenue from rental and management income on its investment properties, which are closely tied to conditions in the domestic real estate and home furnishing markets.
Average Trading Volume: 16,080,743
Technical Sentiment Signal: Sell
Current Market Cap: HK$12.64B
For detailed information about 1528 stock, go to TipRanks’ Stock Analysis page.