Talent Property Group Faces Financial Challenges Amid Market Fluctuations

Talent Property Group Limited ( (HK:0760) ) has shared an update.

Talent Property Group Limited reported a significant decline in its 2024 financial results, with revenue and gross profit dropping due to the completion of prior presold units and a challenging property market. The company faced increased losses attributable to shareholders and recorded impairment losses and unfavorable fair value changes. Despite easing policy restrictions in Guangzhou’s luxury residential market, sales performance varied significantly across regions, impacting the company’s flagship project, Xintian Banshan. The Yangzhou Intelligent Living City project also experienced stagnant sales due to economic decline and market oversupply.

More about Talent Property Group Limited

Talent Property Group Limited is a real estate company incorporated in Bermuda, focusing on luxury residential projects and logistics commercial property developments in China. Its flagship project, Xintian Banshan, is located in Guangzhou, while it also manages the Yangzhou Intelligent Living City project.

YTD Price Performance: -30.0%

Average Trading Volume: 255,239

Technical Sentiment Signal: Hold

Current Market Cap: HK$68.45M

For an in-depth examination of 0760 stock, go to TipRanks’ Stock Analysis page.