DIT Group flags steeply wider 2025 loss on China property slump
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DIT Group Limited (HK:0726) has projected a significantly wider net loss for the year ending December 31, 2025, estimating a deficit of HK$1.1 billion to HK$1.3 billion, compared to a loss of HK$465 million the previous year. This decline is attributed to a 60%-65% drop in revenue from prefabricated construction and landscaping services due to ongoing weakness in China's real estate market. The company also anticipates higher credit losses and impairment losses on assets, prompting caution among shareholders and investors. The current analyst rating for the stock is a Hold with a price target of HK$0.04.
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