Southeast Asia Properties & Finance Limited (HK:0252) has released an update.
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Southeast Asia Properties & Finance Limited has issued a profit warning, anticipating a loss of up to HK$35 million for the six months ending September 2024, primarily due to a significant decline in the fair value of its investment properties. This marks a stark contrast to the HK$4.8 million profit recorded in the same period last year. Investors are urged to exercise caution as the interim results are yet to be finalized.
For further insights into HK:0252 stock, check out TipRanks’ Stock Analysis page.