港股异动丨九龙仓置业绩后放量大跌超13%，管理层认为下半年仍不会有“突破性发展”

Core Viewpoint - The company, Kowloon Development (1997.HK), experienced a significant drop of over 13% in its stock price, reaching a new low since July 2, following the announcement of its financial results which revealed an expanded loss for the first half of 2025 [1] Financial Performance - For the first half of 2025, the company's loss attributable to shareholders increased to HKD 24.06 billion [1] - The company reported a reduction in rental income due to decreased rental share, indicating a challenging financial environment [1] Market Conditions - The chairman, Wu Tianhai, highlighted ongoing challenges in Hong Kong's economy, retail market, and the restaurant industry for the second half of the year [1] - Despite some positive signals in the second quarter, the sustainability of these benefits remains uncertain, with most retail tenants adopting a wait-and-see approach [1] Future Outlook - The company is optimistic about its debt reduction efforts and decreasing interest expenses, which may allow for increased dividends despite weaker business performance [1] - There are no immediate plans for mergers and acquisitions, although the company will remain vigilant for new opportunities [1] - The company anticipates continued downward pressure on rental prices, with hopes that the situation will not deteriorate further in the second half of the year [1]