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Wang On Properties Ltd. ( (HK:1243) ) has issued an update.
Wang On Properties Ltd. has issued a profit warning, anticipating a consolidated loss of up to HK$390 million for the six months ending September 2025, compared to a profit the previous year. This loss is attributed to strategic asset disposals aimed at enhancing liquidity and reducing net debt amid a challenging real estate market. Despite the interim loss, the company achieved record-high contracted sales, indicating strong future revenue potential.
More about Wang On Properties Ltd.
Wang On Properties Ltd. is a real estate company based in Hong Kong, primarily involved in property development and investment. The company focuses on residential and commercial real estate projects, including student accommodation, and aims to strategically expand into high-potential investment opportunities.
Average Trading Volume: 3,389,586
Technical Sentiment Signal: Sell
Current Market Cap: HK$577.6M
For a thorough assessment of 1243 stock, go to TipRanks’ Stock Analysis page.