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An update from Rykadan Capital Ltd. ( (HK:2288) ) is now available.
Rykadan Capital Limited has issued a profit warning, anticipating a significant loss of no less than HK$260 million for the fiscal year ending March 31, 2025. The expected loss is attributed to the sluggish Hong Kong property market, intense competition, economic weakness affecting joint ventures, and fair value losses from revalued investment properties. The final financial results are pending and may differ from the preliminary assessment.
More about Rykadan Capital Ltd.
Rykadan Capital Limited is a company incorporated in the Cayman Islands, primarily involved in property development and investment. The company operates in the Hong Kong market, focusing on real estate ventures and related financial activities.
Average Trading Volume: 266,124
Technical Sentiment Signal: Hold
Current Market Cap: HK$66.45M
For a thorough assessment of 2288 stock, go to TipRanks’ Stock Analysis page.