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Market Chatter: Hong Kong Rental Property Prices Close to Record High in August
Here's What Analysts Are Forecasting For Sunac Services Holdings Limited (HKG:1516) After Its Half-Yearly Results
Hong Kong stock abnormal | Sunac Services (01516) fell more than 3% after the results. The mid-term attributable loss is approximately 0.472 billion yuan, a year-on-year turnaround from profit to loss.
Sunac Services (01516) fell more than 3% after its performance, as of press time, it fell by 3.41%, reaching HKD 1.7, with a turnover of HKD 9.8228 million.
Sunac Services Swings to Loss in H1
sunac services recorded a provision for impairment of 0.73 billion in the first half of this year, and related party income decreased to 3%.
In the first half of 2024, Sunac Services achieved a revenue of 3.484 billion yuan. Among them, the revenue from related parties was 0.094 billion yuan, accounting for only 3% of the total revenue. As a precautionary measure, Sunac Services further provisioned impairment allowances for related party trade and other receivables.
Sunac Services 1H Rev CNY3.48B Vs. CNY3.40B >1516.HK
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