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Tian Cheng Warns of Wider Interim Loss on Pier Reconstruction Setbacks

Story Highlights
  • Tian Cheng expects its interim net loss to widen to HK$20–21 million, up from HK$12.4 million.
  • Marine pier reconstruction challenges drove heavy losses, partly offset by stronger civil works on the 3RS project.
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Tian Cheng Warns of Wider Interim Loss on Pier Reconstruction Setbacks

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Yue Kan Holdings Limited ( (HK:2110) ) has issued an announcement.

Tian Cheng Holdings Limited has warned that it expects to post a significantly wider net loss of about HK$20 million to HK$21 million for the six months ended 30 November 2025, compared with a loss of HK$12.4 million a year earlier. The deterioration is mainly driven by a substantial gross loss of roughly HK$11.4 million in its marine construction segment, where challenging weather and operational complexities hampered the reconstruction of piers at Sai Kung, Tai Po and Lantau Island, leading to inefficiencies and higher standby costs for staff, machinery and vessels. This was partially offset by an HK$4 million improvement in gross profit from other civil engineering works, supported by higher revenue and better progress on the 3RS airport project, but overall results point to continued margin pressure in marine works and warrant caution from shareholders and potential investors ahead of the formal interim results release expected on 29 January 2026.

The most recent analyst rating on (HK:2110) stock is a Sell with a HK$0.09 price target. To see the full list of analyst forecasts on Yue Kan Holdings Limited stock, see the HK:2110 Stock Forecast page.

More about Yue Kan Holdings Limited

Tian Cheng Holdings Limited is a Hong Kong-listed construction group engaged in marine construction works and other civil engineering projects. Its activities include complex pier reconstruction and broader infrastructure works, with exposure to projects such as the Third Runway System (3RS) development in Hong Kong.

Average Trading Volume: 7,551,620

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$34.56M

For detailed information about 2110 stock, go to TipRanks’ Stock Analysis page.

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