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Shenzhen Investment ( (HK:0604) ) just unveiled an announcement.
Shenzhen Investment Limited has issued a profit warning, indicating that the company expects to report a significant increase in net losses for the fiscal year 2024, ranging between HK$1,700 million to HK$1,900 million, compared to a net loss of HK$261 million in 2023. This anticipated loss is attributed to impairment losses on its interest in an associated company and joint venture, signaling potential challenges in its financial performance and urging shareholders and investors to exercise caution.
More about Shenzhen Investment
YTD Price Performance: 6.36%
Technical Sentiment Signal: Buy
Current Market Cap: $938.6M
For detailed information about 0604 stock, go to TipRanks’ Stock Analysis page.