Wanda Hotel Development Forecasts Turnaround to Profit in 2025; Shares Soar 13%
MT Newswires Live
Yesterday
Wanda Hotel Development (HKG:0169) expects profit of between HK$1.75 billion and HK$1.9 billion for 2025, compared with a loss of HK$989.4 million a year prior, according to a Friday Hong Kong bourse filing.
Shares of the hotel operator were up over 13% in Monday afternoon trading.
The company attributed the forecast to a net gain from the disposal of unit Wanda Hotel Management (Hong Kong).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.