智通财经APP获悉，摩根士丹利发布研报称，预期绿城中国(03900)股价将于未来60天下跌，发生此概率 预计逾80%。因为股价近期已上升，令短期估值吸引力大减。该行现予绿城中国"减持"评级，目标价 7.86港元。 该行预期公司或发盈警，因2025年核心盈利或同比大跌逾90%。同时，因可售资源减少及高基数效应， 首季合约销售额可能下滑。而且，公司估值正处于历史高位。 ...

该行指，中海物业在2023年第四季公布有关交易后，股价短时间内跌24%。翌季公布失望业绩后，股价 亦跌25%。该股自2024年中期以来，盈利增长返回轨道，该行对公司看法转向更正面，但最新盈警将进 一步损害投资者对管理层执行力的信心。 智通财经APP获悉，摩根大通发布研报称，预测中海物业(02669)去年纯利同比跌10%，明年及后年纯利 同比跌2%，受盈利率挤压影响。该行认为公司或上调派息比率4个百分点至40%，以维持全年每股派息 同比持平以补偿投资者。但股息率仅3.8厘，对比同业平均4.6厘仍然不吸引。该行对中海物业评级由"增 持"下调至"减持"，目标价由7港元降至3.7港元。 中海物业发盈警，料去年纯利同比跌9%至10%，对比该行及市场预期同比升5%，为公司自2023年第四 季进行关联方交易及翌季业绩逊市场预期以来，第三次令投资者失望。 ...

Core Viewpoint - The company, Baofa Holdings (08532), anticipates a net loss of approximately HKD 7.8 million to HKD 8.5 million for the six-month period ending September 30, 2025, following a net profit of about HKD 2.1 million for the same period in 2024 [1] Financial Performance - The expected net loss is primarily attributed to a significant decrease in gross profit, which is projected to drop from approximately HKD 10 million to about HKD 1 million [1] - Anticipated credit losses on contract assets are estimated at around HKD 2.3 million [1] - Financial costs for the group are expected to be approximately HKD 2.6 million, which, although reduced from the previously reported HKD 5 million, continues to impact the loss situation [1]

Core Viewpoint - Dingyi Group Investment (00508) reported a significant increase in revenue for the six months ending September 30, 2025, reaching HKD 252.2 million, compared to HKD 174.4 million for the same period in 2024, but anticipates a net loss of approximately HKD 485.3 million, contrasting with a net profit of about HKD 27.3 million in the previous period [1] Revenue Performance - Revenue increased substantially due to a surge in sales from properties developed by the group in China [1] Profitability Analysis - The company expects to report a net loss primarily due to several factors: 1. Gross profit margin decreased from approximately 18% in the previous period to about negative 59% in the current period [1] 2. Provision for impairment losses on receivables and interest amounted to approximately HKD 20.3 million, up from about HKD 12.5 million in the previous period [1] 3. Losses from the derecognition of financial liabilities totaled HKD 230 million [1] 4. Write-downs of properties under development and completed properties held for sale amounted to HKD 40.5 million [1]

Core Viewpoint - The company, Dingyi Group Investment (00508), reported a significant increase in revenue for the six months ending September 30, 2025, but anticipates a substantial net loss compared to the previous period [1] Financial Performance - Revenue increased from HKD 174.4 million for the six months ending September 30, 2024, to HKD 252.2 million for the six months ending September 30, 2025 [1] - The company expects a net loss of approximately HKD 485.3 million, a shift from a net profit of about HKD 27.3 million in the previous period [1] Factors Contributing to Loss - The gross profit margin declined from approximately 18% in the previous period to about negative 59% in the current period [1] - Provision for impairment losses on receivables and interest amounted to approximately HKD 20.3 million, compared to about HKD 12.5 million in the previous period [1] - Losses from the termination of financial liabilities totaled HKD 230 million [1] - Write-downs of properties under development and completed properties held for sale amounted to HKD 40.5 million [1]

Core Viewpoint - Sterling GP (01825) anticipates a significant shift from a net profit of approximately HKD 3.2 million for the six months ending September 30, 2024, to a projected net loss of between HKD 7.2 million and HKD 8 million for the six months ending September 30, 2025, primarily due to conservative purchasing by clients amid global trade uncertainties and intense competition in the apparel industry [1] Financial Performance - The company expects a net loss of approximately HKD 7.2 million to HKD 8 million for the upcoming six-month period [1] - This represents a substantial decline from the previous net profit of about HKD 3.2 million [1] Market Conditions - The anticipated net loss is attributed to clients' conservative purchasing behavior, influenced by uncertainties in the global trade environment [1] - The apparel industry is facing heightened competition, further impacting sales and gross margins for the company [1]

格隆汇11月26日丨STERLING GP(01825.HK)公告，与截至2024年9月30日止6个月综合净溢利约320万港 元比较，集团预期于截至2025年9月30日止6个月该期间将录得约720万港元至800万港元综合净亏损。集 团自截至2024年9月30日止6个月综合净溢利转为该期间综合净亏损乃主要由于集团客户鉴于全球贸易环 境不确定及服装行业竞争激烈，于该期间保守采购，导致集团销售额及毛利减少。 ...

Core Viewpoint - China Power Technology (00164) anticipates a loss for the six-month period ending September 30, 2025, ranging between approximately HKD 14 million to HKD 18 million, compared to a loss of about HKD 7.5 million for the same period ending September 30, 2024 [1] Group 1 - The expected increase in loss is primarily attributed to the anticipated absence of impairment loss reversals under the expected credit loss model [1] - There is a decrease in other income during the period, including a reduction in settlement gains [1] - The company also expects an increase in foreign exchange losses compared to the same period in 2024 [1]

Core Viewpoint - The company expects a significant decrease in revenue for the six-month period ending September 30, 2025, with projected earnings of approximately HKD 9.3 million, a decline of about 87.8% compared to HKD 76.1 million in the same period of 2024 [1] Revenue Summary - The anticipated revenue drop is primarily due to the company's reduction of its mobile distribution business segment, which faces intense market competition and low profitability [1] - The decrease in revenue from this segment is not expected to have a significant impact on the overall losses for the period, which are projected to be around HKD 14.9 million, similar to the level in 2024 [1]

Group 1 - The company, Jiancheng Holdings (01630), announced that it expects to achieve a net profit of no more than 1 million HKD for the six months ending September 30, 2025, compared to a net profit of approximately 9.5 million HKD for the same period last year [1] - The board attributes the anticipated decline in net profit primarily to an impairment loss of approximately 13.2 million HKD under the expected credit loss model for the current period, whereas the loss for the previous year was about 1.1 million HKD [1]