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Central Plains Real Estate: Market Expects Fed Interest Rate Cut in September, Buyers Enter the Market on Dips Driving the Recovery of Hong Kong Property Market
After the Fed meeting on August 1, the market is expecting a rate cut in September. The atmosphere in the Hong Kong property market is positive, with buyers entering the market on dips and second-hand transactions picking up, and the sentiment of frontline brokers is stabilizing.
Chinese Estates Holdings Forecasts Swing to Loss on Plunge in Revenue
Chinese Est H (00127.HK) profit warning: expected mid-term revenue decrease by 23% to 33%.
On August 6th, Guolonghui reported that Chinese Est H (00127.HK) Group expects to record a decrease in revenue of 23% to 33% and a comprehensive loss of HKD360,000,000 to HKD480,000,000 for the six months ending June 30, 2024 (compared to revenue of HKD271,000,000 and a comprehensive net profit of HKD147,000,000 for the same period last year). The main reasons for the decrease in revenue and the losses are: (1) The decrease in revenue and the losses come from net reporting of the sale of holdings based on net amount.
Express News | Chinese Estates - May Record Decrease in Revenue Ranging From 23% to 33% for Hy
Express News | Chinese Estates Sees Loss Ranging From HK$360 Mln to HK$480 Mln for Six Months
CHINESE EST H: Inside Information Announcement - Profit Warning
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