格隆汇12月30日丨鋑联控股(00459.HK)公告，集团于截至2025年11月30日止十一个月自物业代理业务、 借贷业务及物业投资业务录得经营溢利(撇除投资物业之公平值亏损)(「经营溢利」)。然而，同期投资 物业之公平值亏损(「公平值亏损」)约为港币1.17亿元，对比截至2024年12月31日止年度之公平值亏损 约港币5400万元，该亏损已超过经营溢利。于2025年11月30日，集团投资物业帐面值约为港币8.36亿 元。虽然该公平值亏损并不影响集团经营现金流状况，集团预期于截至2025年12月30日止年度将录得财 务业绩恶化，对比截至2024年12月31日止年度录得权益持有人应占综合净亏损约港币2600万元。 ...

该股现价相当于2026年预测股息率5.7%，与历史平均水平相符。同时，2026年预测股息收益率与美国 10年期国债的息差仅为1.7%，已回到2019年前水平。因此，该行认为市场已计入中环办公室现货租金 见底，以及近期租赁活动回升的预期。该行预计，冠君产业信托2025年物业收益净额(NPI)同比下降 10%，与2025年上半年情况大致相若。然而，2025年下半年因香港银行同业拆息较低而带来的利息成本 节省，应可部分抵销影响。 瑞银发布研报称，预计冠君产业信托(02778)2025年每基金单位分派将同比下降9%，主要受花园道三号 续租租金持续下调所拖累，以及朗豪坊办公楼和零售商场的影响，维持中性评级，目标价由1.74港元升 至2.3港元。 ...

该股现价相当于2026年预测股息率5.7%，与历史平均水平相符。同时，2026年预测股息收益率与美国 10年期国债的息差仅为1.7%，已回到2019年前水平。因此，该行认为市场已计入中环办公室现货租金 见底，以及近期租赁活动回升的预期。该行预计，冠君产业信托2025年物业收益净额(NPI)同比下降 10%，与2025年上半年情况大致相若。然而，2025年下半年因香港银行同业拆息较低而带来的利息成本 节省，应可部分抵销影响。 智通财经APP获悉，瑞银发布研报称，预计冠君产业信托(02778)2025年每基金单位分派将同比下降 9%，主要受花园道三号续租租金持续下调所拖累，以及朗豪坊办公楼和零售商场的影响，维持中性评 级，目标价由1.74港元升至2.3港元。 ...

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 - New Ming China (02699) experienced a significant drop of over 84% in early trading, reaching a record low of 0.5 HKD per share, with a current price of 0.55 HKD and a trading volume of 45.25 million HKD [1] Group 1: Stock Performance - The stock fell by 84.2% as of the latest report [1] - The trading volume reached 45.25 million HKD during the decline [1] Group 2: Shareholder Activity - On September 29, shareholders transferred shares from Hongzhi Securities to HSBC Hong Kong, with a transfer value of 23.1 million HKD, accounting for 6.13% of the total [1] - On September 18, shares were transferred from Hongzhi Securities to Futu Securities International Hong Kong, with a transfer value of 17.19 million HKD, representing 5.79% [1] - On September 26, shareholders deposited shares into Hongzhi Securities, with a deposit value of 72.73 million HKD, making up 19.5% [1] Group 3: Company Overview - New Ming China Holdings Limited is primarily engaged in property development, investment, and leasing [1] - The company operates through three segments: property development, property leasing, and other investment holdings [1] - The business activities are primarily conducted in the domestic market [1]

Core Insights - The company reported a revenue of approximately HKD 875 million for the 18 months ending June 30, 2025, representing an increase of about 86% compared to HKD 472 million for the year ending December 31, 2023 [1] - The gross profit was approximately HKD 60.81 million, a slight decrease of about 1% from HKD 61.74 million for the year ending December 31, 2023 [1] - The company recorded a loss of approximately HKD 306 million, which is a 20% reduction from a loss of HKD 383 million for the year ending December 31, 2023 [1] - Basic loss per share improved from approximately HKD 0.07 to HKD 0.056 during the same periods [1] - As of June 30, 2025, the company had cash and cash equivalents of approximately HKD 2.97 million, down from HKD 4.24 million in 2023 [1] Revenue Sources - The revenue of approximately HKD 875 million was primarily derived from digital video business, new energy vehicle business, cloud ecosystem big data business, property investment, property development, and general trade [1]

Group 1 - The core point of the article is that Guorui Life (00108) is undergoing a significant shareholder transfer and is exploring potential acquisitions to diversify its business and enhance shareholder returns [1] Group 2 - On September 19, Guorui Life's shares worth HKD 14.22 billion were transferred from Deutsche Bank to UBS Securities Hong Kong Limited, representing 28.31% of the company's shares [1] - The company has signed a non-binding letter of intent with a potential seller regarding the acquisition of 100% equity in a limited liability company registered in the People's Republic of China, primarily engaged in digital healthcare services [1] - Guorui Life operates in two reportable segments: (i) property management, which operates in China, and (ii) property development and investment, which operates in China, the United States, and the United Kingdom [1] - The company aims to expand its property management and development segments while seeking new business opportunities to diversify its revenue sources and improve shareholder returns [1] - The board believes that the potential acquisition aligns with the company's strategic development plan and could create synergies with existing operations, thereby benefiting the company and its shareholders [1]

Core Viewpoint - Future World Holdings (00572) reported a significant increase in revenue and profit for the first half of 2025, indicating strong operational performance in its hotel and property management services [1] Financial Performance - Revenue reached HKD 58.254 million, representing a year-on-year growth of 146.9% [1] - Profit attributable to owners amounted to HKD 17.703 million, reflecting a year-on-year increase of 35.3% [1] - Basic earnings per share were HKD 0.06 [1] Operational Drivers - The increase in revenue was primarily driven by enhanced earnings from the group's hotel operations and supporting services, as well as property investment, management, and brokerage services [1]

Core Viewpoint - Zhongxing Group Holdings (00055) expects a reduced loss of approximately HKD 19 million to HKD 34 million for the first half of 2025, compared to a loss of about HKD 40.1 million in the first half of 2024 [1] Financial Performance - The anticipated loss for the first half of 2025 is primarily attributed to a fair value loss of approximately HKD 4 million from investment properties, which is an improvement from a fair value loss of about HKD 12.7 million in the first half of 2024 [1] - The company also reported losses in its property development, property investment, and manufacturing and sales segments for the first half of 2025 [1]

Core Viewpoint - Despite the challenging market conditions expected in 2025, the company reported that all major business segments, including property agency (MTR Corporation), lending, and property investment, achieved profitability during the interim period [1] Group 1: Business Performance - The property agency business (MTR Corporation) showed a slight improvement in operational performance compared to the same period last year [1] - The lending and property investment segments also reported profits, indicating overall resilience in the company's operations [1]