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Winfair Investment expects a half-year loss of HKD 22-28 million, primarily due to a 31% increase in fair value losses on its investment properties. The company highlighted that these losses are largely accounting adjustments reflecting market fluctuations, not cash outflows. While rental income and operations remain steady, the fair value reductions have significantly influenced the projected results. This trend follows past periods where property revaluations affected financial statements, highlighting ongoing challenges in maintaining property valuations amid changing market conditions.
Winfair Investment has projected a loss ranging between HKD 22 million and HKD 28 million for the first half of the year. The company attributed this expected loss to a 31% increase in fair value losses on its investment properties. Advertisement
The firm noted that the decline in value reflects market fluctuations affecting the real estate sector, particularly in commercial and investment property segments. Winfair Investment has faced similar pressures in the past, with fair value adjustments periodically impacting its financial results. Analysts suggest that such valuation changes are common in periods of property market uncertainty, and the company continues to manage its portfolio to mitigate long-term risks.
While operational performance and rental income remain stable, the reported fair value losses on investment properties are a significant factor behind the projected half-year deficit. Management emphasized that the losses are non-cash accounting adjustments and do not necessarily affect the company's cash flow.
Source Reuters
5th Jun, 2025
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