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Minmetals Land Limited ( (HK:0230) ) just unveiled an update.
Minmetals Land Limited has announced a significant expected net loss of approximately HK$3,500 million for the year ending December 31, 2024, largely due to a decline in gross profit margins in its real estate development business and changes in provisions for impairment losses. Despite these challenges, the company is optimistic about the future, citing supportive policies from the Chinese government and backing from its controlling shareholder, China Minmetals Corporation, which is expected to help stabilize its operations and maintain liquidity.
More about Minmetals Land Limited
Minmetals Land Limited operates in the real estate industry, focusing primarily on real estate development. The company is part of the larger China Minmetals Corporation and is involved in various real estate projects, with a market focus on the Chinese property sector.
YTD Price Performance: 10.0%
Average Trading Volume: 1,337
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €168.8M
Learn more about 0230 stock on TipRanks’ Stock Analysis page.