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CCT Fortis Holdings Limited ( (HK:0138) ) has shared an update.
CCT Fortis Holdings Limited announced a supplemental disclosure regarding the valuation method used for the disposal of its entire equity interest in a target company. The valuation, conducted by an Independent Valuer, utilized the discounted cash flow (DCF) method under the income approach, deemed more suitable than other methods due to the unique operational characteristics of the florist and food and beverage businesses. The DCF method was chosen for its ability to account for future cash flows and intrinsic value, aligning with the company’s revenue drivers and growth scenarios, unlike the Market or Asset Approaches, which were found inadequate due to lack of comparability and failure to capture intangible value.
More about CCT Fortis Holdings Limited
CCT Fortis Holdings Limited operates in the florist and food and beverage sectors, focusing on service-based operations that generate revenue through perishable goods. The company is involved in upscale western-style restaurants and pure-play florist businesses, primarily in Hong Kong.
Average Trading Volume: 366,148
Technical Sentiment Signal: Sell
Current Market Cap: HK$136M
For an in-depth examination of 0138 stock, go to TipRanks’ Overview page.