Lippo Limited Projects Significant Losses from Joint Ventures Amid Market Challenges

Lippo Limited ( (HK:0226) ) has provided an update.

Lippo Limited has announced a projected share of loss from its joint ventures of approximately HK$1.1 billion to HK$1.3 billion for the year ending December 2024, contrasting with a profit of HK$170 million in 2023. This loss is primarily due to the performance of OUE Limited, which is expected to record a significant loss attributed to a slowdown in the property market and economic challenges in mainland China. While these losses are predominantly non-cash and do not affect operational cashflows, they signal a challenging period for Lippo’s ventures and necessitate caution among investors.

More about Lippo Limited

Lippo Limited is a company incorporated in Hong Kong with a focus on investments and joint ventures, particularly in the property and investment sectors. It operates with a network of subsidiaries and affiliated entities, including OUE Limited, a significant player listed on the Singapore Exchange.

YTD Price Performance: -70.77%

Average Trading Volume: 64,503

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €26.64M

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