Shanghai Realway Capital Assets Management Co., Ltd. Class H (HK:1835) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shanghai Realway Capital Assets Management Co., Ltd. anticipates a significant reduction in net loss for the first half of 2024, estimating losses not exceeding RMB 4 million, a substantial improvement from the RMB 29.7 million loss in the same period of 2023. This positive shift is largely due to increased revenue from fund management fees and a decrease in one-off investment losses from the previous year. Investors are cautioned to exercise prudence with the company’s shares, as these preliminary figures are subject to confirmation upon the completion of the interim results review.
For further insights into HK:1835 stock, check out TipRanks’ Stock Analysis page.