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HK stocks surge | Tianjin Jianfa (02515) falls more than 12% again, breaking more than 80% from the offer price, with a total market value of only HKD 0.1 billion.
Tianjin Jianfa (02515) has continued to fall by over 12%, dropping more than 80% from its IPO price of HKD 2.5.
It's Down 58% But Tianjin Construction Development Group Co., Ltd. (HKG:2515) Could Be Riskier Than It Looks
Stock market anomaly | Tianjin Development (02515) plunged 48% to a new low, with a market cap evaporating by more than 70%. It is expected that the net profit in the first half of the year will decrease by up to 46.2%.
Tianjin Jianfa (02515) plummeted 48%, hitting a new low since its listing at HKD 0.57.
HKEX News: Tianjin Development Holdings Limited (02515) fell by more than 19%. It is expected that the net profit in the first half of the year will decrease by up to 46.2% compared to the same period last year.
Tianjin Jianfa (02515) fell more than 19%, as of press time, down 19.12%, to HKD 1.1, with a turnover of 2.0809 million Hong Kong dollars.
Tianjin Construction Development Group Expects Lower Profit in H1
Tianjin Jianfa (02515.HK) issued a profit warning: the expected net profit for the first half of the year will decrease by no more than 46.2% year-on-year.
Tianjin Jianfa (02515.HK) announced on August 5th that based on the preliminary review of the unaudited comprehensive management accounts of the Group as of June 30, 2024 and the information currently available to the board of directors, the Group is expected to have a net profit of no less than RMB 10 million during this period, a decrease of no more than RMB 8.6 million or 46.2% from the net profit of approximately RMB 18.6 million for the six months ended June 30, 2023. The board of directors believes that the expected decrease in net profit during this period is mainly due to (i) a decrease in the number of new construction projects compared to the same period last year, resulting in a decrease in revenue; and
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