Tomson Group (HKG:0258) forecasts its consolidated profit to surge 310% to 320% year over year from HK$42.7 million in 2023, according to a Thursday filing with the Hong Kong bourse.
The foreseen surge is attributable to its property development and investment business in Shanghai, the filing said.
The residential property manager also logged an unrealized revaluation surplus on investment properties due to market valuation.
Tomson plans to release full-year results by the end of March.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.