集团应占与十六浦有关之联营公司的溢利于截至今年6月30日止六个月约为4850万港元，而于截至2024 年12月31日止年度则约为1.12亿港元。集团于该等联营公司权益的账面值于今年6月30日约为8.14亿港 元，而于去年12月31日则约为7.66亿港元。根据董事会参照现时可得之资料作出的初步评估，董事会预 期集团应占该等联营公司业绩将由终止日期起录得大幅减少。 实德环球(00487)重挫逾40%，截至发稿，跌40.35%，报0.068港元，成交额38.21万港元。 消息面上，实德环球公布，据十六浦物业发展通知并参照澳博于2025年11月20日（交易时段后）发出的 自愿性公告，澳娱综合与十六浦娱乐相互同意及订立一份终止协议，据此，该服务协议将由2025年111 月29日起提前终止。故此，十六浦娱乐将不再于十六浦娱乐场向澳娱综合提供娱乐场管理服务，十六浦 娱乐场亦将于终止日期结束营运，而澳博建议收购十六浦娱乐场一事将不会进行。尽管十六浦娱乐场结 束营运，惟集团将继续经营旅游相关业务及物业投资业务，并继续投资于十六浦项目。 ...

Core Insights - Future Bright (00703) reported an unaudited profit attributable to owners of approximately HKD 8 million for Q3 2025, representing a year-on-year increase of about 17.6% compared to HKD 6.8 million in Q3 2024 [1] - For the nine months ending September 30, 2025, the company achieved an unaudited profit attributable to owners of approximately HKD 16.6 million, a significant increase of about 127.4% from HKD 7.3 million in the same period of 2024 [1] - The increase in revenue during this period was driven by a rise in visitor numbers to Macau and Hong Kong, resulting in a revenue growth of approximately 1.1% [1] Financial Performance - The profit for the nine-month period was primarily attributed to the food and beverage business, which generated a profit of approximately HKD 8 million; the food souvenir business, which contributed about HKD 10.1 million; and the property investment business, which yielded a profit of around HKD 3.8 million [1] - The increase in profit attributable to owners was mainly due to the rise in revenue [1] Property Valuation - During this period, the company recorded a net fair value loss of approximately HKD 3.5 million on its commercial property located near tourist hotspots at the Rua da Igreja de São Paulo in Macau, compared to no such loss in 2024 [1]

Core Viewpoint - FUTURE BRIGHT (00703) reported a significant increase in profit for the third quarter of 2025, with an unaudited profit attributable to the company's owners of approximately HKD 8 million, up 17.6% from HKD 6.8 million in the same quarter of 2024 [1] Financial Performance - For the nine months ending September 30, 2025, the company achieved an unaudited profit attributable to the owners of approximately HKD 16.6 million, compared to HKD 7.3 million in the same period of 2024, representing a growth of approximately 127.4% [1] - The increase in profit during this period was primarily driven by the food and beverage business, which generated a profit of approximately HKD 8 million, the food souvenir business with a profit of approximately HKD 10.1 million, and the property investment business with a profit of approximately HKD 3.8 million [1] Revenue Growth - The company's revenue experienced a growth of approximately 1.1% during the period, attributed to an increase in visitor numbers in Macau and Hong Kong [1] Property Valuation - During this period, the company recorded a fair value loss of approximately HKD 3.5 million on its main investment property located near tourist hotspots in Macau, compared to no such loss in 2024 [1]

Core Viewpoint - FUTURE BRIGHT (00703.HK) reported an increase in profit attributable to shareholders for the third quarter of 2025, reaching approximately HKD 8 million, compared to HKD 6.8 million in the same period of 2024, indicating a positive growth trend in profitability [1] Financial Performance - For the first three quarters of 2025, the profit attributable to shareholders was approximately HKD 16.6 million, a significant increase of about 127.4% compared to HKD 7.3 million in the same period of 2024 [1] - The revenue growth of approximately 1.1% in the first three quarters of 2025 was primarily driven by an increase in visitor numbers to Macau and Hong Kong [1] Business Segments - The profit contributions for the first three quarters of 2025 were as follows: - Food and beverage business generated a profit of approximately HKD 8 million - Food souvenir business contributed approximately HKD 10.1 million - Property investment business yielded a profit of approximately HKD 3.8 million [1] - The increase in profit attributable to shareholders was mainly due to the overall increase in revenue [1]

Core Viewpoint - Emperor International (00163) plans to sell its wholly-owned subsidiary, Shineon Investments Limited, to Northstar181-183Propco Limited for approximately £21.8 million, which is seen as a strategic opportunity to enhance the company's financial position [1] Company Summary - The target company, Shineon Investments Limited, primarily engages in property investment and holds a retail and office building located at 181-183 Oxford Street, London, which is a seven-story structure including a basement with a net internal area of 13,049 square feet [1] - The board of directors believes that the sale is a good opportunity for the group to realize its investment in the property, especially considering the recent conditions in the UK property market and the appreciation of the British pound [1]

Core Viewpoint - Dongwu Securities reports that Yuehai Investment's water business shows stable performance, improved liabilities after divesting Yuehai Land, stable dividend ratio, and strong cash flow certainty. The firm raises its forecast for net profit attributable to shareholders for 2025-2027, reflecting better-than-expected cost reductions and efficiency improvements, maintaining a "Buy" rating [1]. Financial Performance - For Q1-Q3 2025, the company's revenue from continuing operations reached HKD 14.281 billion, a year-on-year increase of 1.3%, with comprehensive profit attributable to shareholders at HKD 4.067 billion, up 13.2% year-on-year [2][3]. - The net profit attributable to shareholders grew by 13.2%, while financial expenses decreased by 52.9% [3]. Water Resource Business - The Dongshen water supply project reported revenue growth of 1.6% to HKD 5.242 billion for Q1-Q3 2025, with revenue from Hong Kong supply increasing by 2.6% to HKD 4.303 billion [4]. - The total water supply volume reached 16.70 million tons, up 1.5%, with tax profit contribution from the Dongshen project at HKD 3.596 billion, a 3.9% increase [4]. Property and Other Segments - The property segment, including Yuehai Tianhe City, saw a tax profit increase of 11.3% to HKD 0.767 billion, with revenue from the property investment segment at HKD 1.262 billion, up 4.8% [4]. - The department store segment reported a revenue decline of 45.6% to HKD 0.317 billion, but tax profit increased by 37.3% to HKD 0.064 billion [4]. - The hotel segment's revenue grew by 57.8% to HKD 0.505 billion, while tax profit decreased by 20.3% to HKD 0.069 billion [4].

Core Viewpoint - Dongwu Securities reports that Yuehai Investment's water business performance is stable, with improved liabilities after the divestment of Yuehai Land, stable dividend ratio, and strong cash flow certainty. The firm has raised its forecast for net profit attributable to shareholders for 2025-2027 due to better-than-expected cost reduction and efficiency improvements, maintaining a "Buy" rating [1]. Financial Performance - For Q1-Q3 2025, the company's continuing operations revenue reached HKD 14.281 billion, a year-on-year increase of 1.3%, with comprehensive profit attributable to shareholders at HKD 4.067 billion, up 13.2% year-on-year [2][3]. - The net profit attributable to shareholders grew by 13.2%, while financial expenses decreased by 52.9% [3]. Water Resource Business - The Dongshen Water Supply Project generated revenue of HKD 5.242 billion (+1.6%) in Q1-Q3 2025, with HKD 4.303 billion (+2.6%) from Hong Kong supply and HKD 0.939 billion (-2.5%) from Shenzhen and Dongguan supply. The project contributed a pre-tax profit of HKD 3.596 billion (+3.9%) [4]. - Total water supply volume reached 16.70 million tons (+1.5%), indicating strong market pricing capabilities and profitability [4]. - Other water resource projects achieved revenue of HKD 5.611 billion (+5.8%) with a pre-tax profit of HKD 1.601 billion (-2.6%) [4]. Property Segment - The property segment, including Yuehai Tianhe City, reported a pre-tax profit increase of 11.3% to HKD 0.767 billion, with revenue from Yuehai Tianhe City and Yuehai Investment Building at HKD 1.262 billion (+4.8%) and HKD 0.036 billion (+2.6%) respectively [5]. - The department store segment contributed revenue of HKD 0.317 billion (-45.6%) with a pre-tax profit of HKD 0.064 billion (+37.3%) [5]. - The hotel segment saw revenue growth of 57.8% to HKD 0.505 billion, although pre-tax profit decreased by 20.3% [5].

Core Viewpoint - Jinhui Group (00137) plans to acquire a property for HKD 67.38 million, which is expected to enhance operational efficiency and strengthen the asset base [1] Group Summary - The acquisition involves a full floor at the Yili Commercial Building, located at 3 Connaught Road West, Hong Kong [1] - The property is currently under a lease that will expire on June 30, 2027, after which the buyer does not intend to renew the lease [1] - The acquisition is considered a strategic and appropriate long-term capital investment, independent of the group's core maritime business [1] - The property is situated in a prime commercial area near Central Hong Kong, indicating long-term investment potential [1] - The property is intended for the group's own use as an office [1]

Group 1 - The core announcement is that China Property Investment (stock code: 736) plans to raise approximately HKD 23 million by issuing 53,433,000 new shares to six individual third parties at a price of HKD 0.43 per share, which represents an 18.87% discount to the previous trading day's closing price of HKD 0.53 [1] - The new shares represent about 20.00% of the existing issued share capital and will account for approximately 16.67% of the enlarged share capital after the completion of the placement [1] - The funds raised will be allocated for investments in cryptocurrency, replenishing working capital, and other corporate purposes [1] Group 2 - The placement is conducted under a general mandate granted by the shareholders' meeting and is expected to be completed within three business days after the fulfillment or waiver of the last condition of the relevant subscription agreement [1]

Core Viewpoint - The company anticipates a significant loss for the fiscal year ending June 30, 2025, with expected losses between approximately HKD 170 million and HKD 190 million, contrasting with a profit of about HKD 102 million for the same period in 2024 [1] Group 1: Financial Performance - The manufacturing segment is expected to see a decrease in revenue compared to approximately HKD 1.066 billion in 2024, with anticipated pre-tax losses for the fiscal year ending June 30, 2025, compared to a pre-tax profit of about HKD 110 million in 2024 [1] - The retail segment is projected to increase revenue compared to approximately HKD 528 million in 2024, but is expected to incur pre-tax losses due to a one-time significant loss of about HKD 83.568 million from the termination of the Cole Haan business [2] - The property investment segment is expected to see a decrease in revenue compared to approximately HKD 12.399 million in 2024, with anticipated pre-tax losses increasing compared to a pre-tax loss of about HKD 3.359 million in 2024, primarily due to a significant non-cash fair value reduction of between HKD 105 million and HKD 115 million [2] Group 2: Business Operations - The anticipated losses are attributed to a non-cash fair value revaluation decrease related to investment properties and significant one-time losses from the termination of the Cole Haan business [1][2] - The company maintains its dividend policy despite the expected losses for the fiscal year ending June 30, 2025 [3]