Wing Tai Holdings Limited (SG:W05) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Wing Tai Holdings Limited reported a challenging first half of 2024 with a sluggish Hong Kong economic recovery and tepid investment sentiment causing property prices to fall and valuation losses of HK$1,352 million on their property portfolio. The interim results showed a core consolidated profit of HK$32 million, excluding non-cash valuation losses, but a total consolidated loss of HK$1,337 million including those losses. The rental market for Grade A office space remains under pressure due to an oversupply and weak demand.
For further insights into SG:W05 stock, check out TipRanks’ Stock Analysis page.