BUZZ-Hong Kong's Wharf Holdings slides on swinging to FY loss

Reuters
13 Mar
BUZZ-Hong Kong's Wharf Holdings slides on swinging to FY loss

** Hong Kong property group Wharf Holdings 0004.HK slides 8.8% to HK$18.56; set for biggest one-day pct drop since November 2022

** Stock hits the lowest since March 4; on track for second straight session of decline

** Property developer and investor posts 2024 loss attributable of HK$3.22 bln ($414.3 mln) vs year-ago profit of HK$945 mln

** Underlying net profit fell 22% y/y, rev dropped 36% y/y

** YTD, stock down 14.8%

($1 = 7.7716 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10