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The latest announcement is out from Sino-Ocean Service Holding Ltd. ( (HK:6677) ).
Sino-Ocean Service Holding Ltd. has issued a profit warning, expecting to record a significant loss between RMB295.0 million and RMB326.0 million for the first half of 2025, compared to a profit of RMB59.3 million in the same period of 2024. This downturn is attributed to the adverse impact of the Chinese real estate market, leading to increased provisions for impairment losses on receivables, inventories, and goodwill. The company is finalizing its unaudited financial results, advising caution to shareholders and potential investors regarding the preliminary figures.
The most recent analyst rating on (HK:6677) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sino-Ocean Service Holding Ltd. stock, see the HK:6677 Stock Forecast page.
More about Sino-Ocean Service Holding Ltd.
Sino-Ocean Service Holding Ltd. is a company incorporated in the Cayman Islands with limited liability, operating in the real estate services industry. The company focuses on providing a range of property management and related services, primarily targeting the Chinese market.
Average Trading Volume: 500,086
Technical Sentiment Signal: Hold
Current Market Cap: HK$686.7M
For an in-depth examination of 6677 stock, go to TipRanks’ Overview page.