Core Viewpoint - Vanke Overseas (01036) expects to report a shareholder loss of approximately HKD 101 million in the first half of 2025, compared to a loss of about HKD 29 million in the first half of 2024, primarily due to increased fair value losses on investment properties [1] Financial Performance - The board attributes the expected shareholder losses mainly to an increase in fair value losses on investment properties, which are non-cash items and do not impact the company's operating cash flow [1] - As of the announcement date, the company reports a net debt ratio of zero, indicating a strong financial position [1] Operational Outlook - The company is committed to maintaining financial stability amidst market fluctuations and anticipates stable operations for its investment properties in the second half of 2025 [1]