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The latest announcement is out from Tian An China Investments Co ( (HK:0028) ).
Tian An China Investments Co has issued a profit warning for the fiscal year 2024, anticipating a significant loss of up to HK$230 million compared to a profit of HK$1,217.4 million in 2023. The downturn is attributed to decreased property sales due to market conditions, lack of major project completions, and reduced fair value of investment properties. However, the completion of Phase 2C of The One Tian An Place in Shanghai is expected to positively impact 2025 revenues, indicating potential recovery and growth.
More about Tian An China Investments Co
Tian An China Investments Co is involved in the property development industry, focusing on residential projects in Mainland China. The company engages in the development and sale of completed properties, investment properties, and joint ventures.
YTD Price Performance: 4.29%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $860.3M
See more insights into 0028 stock on TipRanks’ Stock Analysis page.