Vision Values Holdings Limited (HK:0862) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Vision Values Holdings Limited has issued a profit warning, anticipating a loss of HK$50 to HK$60 million for the financial year ending 30 June 2024, a significant decline from the previous year’s HK$10 million. This expected loss is primarily due to fair value losses on investment properties, as indicated by an independent valuer’s preliminary assessment. The company advises shareholders and potential investors to exercise caution when dealing with its shares.
For further insights into HK:0862 stock, check out TipRanks’ Stock Analysis page.