Harbour Centre Swings to Deeper Loss as China Property Weakness Offsets Hong Kong Hotel Rebound

Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialHarbour Centre Development Limited ( (HK:0051) ) has provided an announcement. Harbour Centre Development Limited reported a group loss attributable to equity shareholders of HK$234 million for 2025, deepening from HK$70 million a year earlier, with an underlying net loss of HK$22 million versus a prior profit, and the board elected not to declare a dividend. The Hong Kong hotel portfolio returned to positive operating profit on double‑digit room revenue growth and awards that strengthened market positioning, but investment property earnings fell amid an uneven retail recovery, while in the Chinese Mainland weaker hospitality demand and slow development property sales led to sizeable impairment charges on unsold stock, underscoring ongoing market headwinds and pressure on returns. In Hong Kong, The Murray and Marco Polo Hongkong Hotel improved occupancy and room performance, partly offsetting soft restaurant and events demand and supporting the Group’s hospitality recovery. Conversely, mainland China operations, including Niccolo Suzhou, faced intensified competition and tighter travel budgets, with contracted development property sales dropping sharply and significant write‑downs on slow‑moving commercial inventory weighing on profitability and highlighting elevated execution and market risks for stakeholders. The most recent analyst rating on (HK:0051) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Harbour Centre Development Limited stock, see the HK:0051 Stock Forecast page. More about Harbour Centre Development Limited Harbour Centre Development Limited is a Hong Kong‑incorporated company engaged primarily in hotel operations and investment properties, with a presence in both Hong Kong and the Chinese Mainland. Its portfolio includes The Murray, Hong Kong and Marco Polo Hongkong Hotel, as well as investment and development properties, with a focus on hospitality and mixed‑use commercial real estate in key urban locations. Average Trading Volume: 22,299 Technical Sentiment Signal: Hold Current Market Cap: HK$3.6B For an in-depth examination of 0051 stock, go to TipRanks’ Overview page.