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Why China Asia Valley Group's (HKG:63) Earnings Are Weaker Than They Seem
CHI ASIA VALLEY: Interim Report 2024
Chi Asia Valley Group [00063] now reports HKD 0.076, with a rise of 10.15%.
As of 15:52, Chi Asia Valley Group [00063] reported HKD 0.076, an increase of HKD 0.007 or 10.15% compared to the closing price of HKD 0.069 yesterday. The trading volume was HKD 0.0066 million. The highest price today was HKD 0.076 and the lowest price was HKD 0.065. Based on yesterday's closing price, the 10-day average price was HKD 0.09 and the 50-day average price was also HKD 0.09. The current PE ratio is 106.67 times and the 14-day strength index is 50.91.
CHI ASIA VALLEY: ANNOUNCEMENT OF THE UNAUDITED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Chi Asia Valley (00063.HK) held a board of directors meeting on August 28 to approve its interim performance.
Chi Asia Valley (00063.HK) announced that the board of directors meeting will be held on August 28, 2024 (Wednesday) to approve (including) the company and its subsidiaries' mid-term performance ending on June 30, 2024, consider the distribution of interim dividends (if any), and handle any other affairs.
Chi Asia Valley announces profit growth, expecting to achieve a small profit of no more than 4 million Hong Kong dollars in the midterm, turning losses to profits on a year-on-year basis.
Chi Asia Valley (00063) announced that it is expected to make a modest profit of no more than HKD 4 million for the six months ending on June 30, 2024, while it incurred a loss of about HKD 2.7 million for the six months ending on June 30, 2023. The return to profitability is mainly due to an increase in rental income (minus expenses) generated by the new leased properties of Silicon Valley Industrial Park, an increase in interest income, a reduction in property-related expenses, and a fair value gain on investment properties.
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