China's Kaisa forecasts bigger H1 net loss on slower property deliveries By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2024
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Source: Investing.com
Kaisa Group's Financial Outlook: Kaisa Group anticipates a larger net loss of 8.8 billion to 9.8 billion yuan for the first half of the year, attributed to declining property deliveries and increased impairment provisions.
Impact of China's Property Market Crisis: The ongoing turmoil in China's property sector has led to significant drops in housing sales and project deliveries, with many developers facing unsold inventory and declining property values, prompting higher impairment losses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
