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SHUN TAK HOLD: ANNUAL REPORT 2024
Bloomberg: The completion volume of private residential buildings in Hong Kong reached a four-year low in the first two months of this year and is expected to experience a Top Reversal.
According to the data from the research center of Midland Realty and the Buildings Department, the number of private Residence completions in Hong Kong in February recorded a total of 1,624 units, which is a month-on-month decrease of about 13.9% compared to January's 1,886 units, marking a decline for two consecutive months and reaching a new low in five months.
In March, the total value of property sale and purchase agreements in Hong Kong was 45.6 billion HKD, which is a month-on-month increase of 61.4% and a year-on-year increase of 22.1%.
In March, the total value of property sales contracts in Hong Kong was 45.6 billion Hong Kong dollars, an increase of 61.4% compared to February, and also up 22.1% compared to March last year.
Announcement Highlights | Kuaishou's adjusted Net income in Q4 increased by 7.8% year-on-year, and the total revenue of Keliang AI exceeded 0.1 billion yuan; CHINA TELECOM will earn 33 billion yuan in net income in 2024.
CHINA TELECOM's net income in 2024 is 33 billion yuan; WULING MOTORS' net income attributable to shareholders is expected to increase by over 115% in 2024; Kuaishou's net income in 2024 is 15.335 billion yuan, an increase of 139.76% year-on-year.
SHUN TAK HOLD (00242.HK): The loss attributable to shareholders for the fiscal year 2024 is HKD 0.824 billion.
On March 25, Glonghui reported that SHUN TAK HOLD (00242.HK) announced that for the year ending December 31, 2024, it achieved revenue of 4.546 billion Hong Kong dollars, an increase of 11.7% year-on-year. The company's attributable comprehensive loss for the year was 0.824 billion Hong Kong dollars (2023: 0.677 billion Hong Kong dollars). The attributable related loss (after adjusting for the unrealized fair value changes of the group's investment properties and its joint ventures and associates) (after tax) will be 0.244 billion Hong Kong dollars (2023: 0.209 billion Hong Kong dollars). The basic loss per share is 27.
Express News | Shun Tak Holdings FY Net Income Attributable HKD -824 Million
