Summary by Moomoo AI
Wharf Holdings announced a profit warning on July 29, 2024, forecasting a shareholder loss of between HKD 2.5 billion to HKD 2.8 billion for the six months ending June 30, 2024. This loss far exceeds the HKD 0.696 billion shareholder profit recorded for the same period in 2023. The company pointed out that the loss mainly comes from the revaluation loss of investment properties and emphasized that the loss is a non-cash and unrealized item, and the overall financial situation is still sound. This warning information has not been reviewed or audited by the company's auditor, and the final comprehensive performance for the second half of the year will be announced in August 2024. Shareholders and investors should act with caution.
