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Lippo China Resources Limited ( (HK:0156) ) has shared an update.
Lippo China Resources Limited has issued a profit warning, indicating a significant estimated consolidated loss of approximately HK$680 million for the year ending December 2024, compared to a loss of HK$146 million the previous year. This increase is attributed to a net fair value loss on financial instruments, impairment losses on fixed assets due to declining market prices, and litigation settlement payments, partially offset by profits from associates. Stakeholders are advised to exercise caution in dealing with the company’s shares.
More about Lippo China Resources Limited
Lippo China Resources Limited is a company incorporated in Hong Kong, operating with a focus on financial instruments and investment properties. The company is involved in managing a portfolio that includes fixed assets and commercial properties, reflecting its engagement in the financial and real estate sectors.
YTD Price Performance: 25.68%
Average Trading Volume: 121,834
Technical Sentiment Signal: Buy
Current Market Cap: HK$854.4M
See more insights into 0156 stock on TipRanks’ Stock Analysis page.