Brief: Chinese Estates FY Loss Attributable HK$3.52 Bln

Chinese Estates Holdings

21/03/2022 04:09

March 21 (Reuters) - Chinese Estates Holdings Ltd  0127.HK :
    * FY REVENUE HK$1.30 BILLION VERSUS HK$3.04 BILLION
    * FY LOSS ATTRIBUTABLE HK$3.52 BILLION VERSUS PROFIT OF
HK$622.2
MILLION
    * EXPECTED THAT GROUP'S INVESTMENT PROPERTIES WILL CONTINUE
TO
FACE NUMEROUS CHALLENGES IN SHORT RUN
    * SEES OVERALL RENTAL LEVEL AND OCCUPANCY EXPECTED TO COME
UNDER
STRAIN
    * SOCIAL-DISTANCING CURBS, VACCINE PASS COULD DEAL MORE
SEVERE
BLOW TO RETAIL SECTOR THAN EARLY STAGES OF PANDEMIC IN 2020
    * REMAIN ALERT OF POSSIBLE INTEREST RATE RISES IN 2022 TO
MANAGE
RISK ON COST OF FINANCING
    * BELIEVED THAT COVID-19 WILL CONTINUE TO AFFECT GROUP'S
BUSINESSES FOR A PERIOD OF TIME

Source text for Eikon:  ID:nHKS2xGPpG 
Further company coverage:  0127.HK 

 ((Reuters.Briefs@thomsonreuters.com;))