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An announcement from Wing Lee Property Investments Ltd. ( (HK:0864) ) is now available.
Wing Lee Property Investments Ltd. has issued a profit warning, anticipating a significant increase in net loss for the first half of 2025, ranging from HK$164 million to HK$166 million, compared to the same period in 2024. This expected loss is primarily due to a higher net decrease in the fair value of its investment properties, reflecting challenging market conditions in Hong Kong’s property sector. Despite the unrealized valuation changes being non-cash items, the company’s total comprehensive expense is projected to rise significantly, impacting stakeholders’ perception of the company’s financial health.
More about Wing Lee Property Investments Ltd.
Wing Lee Property Investments Ltd. is a company incorporated in Bermuda with limited liability, primarily engaged in long-term investment and leasing of properties. The company has a market focus on commercial retail and residential investment properties in Hong Kong.
Average Trading Volume: 62,206
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$57.93M
For a thorough assessment of 0864 stock, go to TipRanks’ Stock Analysis page.