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Announcement Highlights | alibaba announced the integration to establish the E-commerce Business Group; boyaa's profit for the first three quarters increased by 149.4% year-on-year to 0.212 billion yuan
In the third quarter, baidu's net income was 7.632 billion yuan, a year-on-year increase of 14%; cosco shipping holdings invested 1 billion yuan to subscribe for 75 million yuan of additional capital in Anji logistics.
The profit warning from asia allied inf (00711.HK) estimates a loss of up to 0.27 billion yuan in the first half of the year.
Asia Allied Inf (00711.HK) issued a profit warning, expecting a loss of no more than 0.27 billion yuan for the six months ending in September, compared to a net profit of 68 million yuan in the same period last year. This is mainly due to the uncertainty surrounding the recovery of certain projects in the group, leading to the derecognition of the contract assets related to those projects; and the land sale gain recorded in the same period last year.
Asia Allied Infrastructure Expects Swing to Loss in Fiscal H1
Asia Allied Inf (00711.HK) issues a profit warning: expects mid-term to turn from profit to loss.
Glory11 announced on November 21st that Asia Allied Inf (00711.HK) issued an announcement stating that the company expects to incur a net loss not exceeding HK$270,000,000 for the six months ended September 30, 2024, while the group recorded a shareholders' net profit of approximately HK$68,000,000 for the six months ended September 30, 2023. This reversal of profit to loss is mainly due to (1) the group's cautious reassessment during this period, the uncertainty of recovery of certain projects led to the derecognition of the contract assets of these projects, in accordance with Hong Kong Financial Reporting Standards.
ASIA ALLIED INF: PROFIT WARNING
The first phase of the Tung Chung East Station of the MTR has already received three letters of intent on site.
The first phase of the property development project at Tung Chung East Station of MTR (00066.HK) has closed the intention submission today (21st) at 2 pm. Three intention submissions were received on site, among them, Asia United Infrastructure (00711.HK) subsidiary Chin Wah stated they will bid alone. Chin Wah's property development manager, Hu Yun Cheng, stated that due to the government's development of the Tung Chung airport city, coupled with MTR breaking down the project into smaller parts, it is worth investing. MTR's Property and International Business Director, Tang Chi Fai, expects the intention submissions received this time to be similar to last year. In addition, Tung Chung East is a new town and will also become one of the more important communities in Hong Kong in the future, hoping that the project can be successful.
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