Hong Kong ZCloud Technology Construction slips on lower profit forecast
11/06/2026 05:07
BUZZ-Hong Kong ZCloud Technology Construction slips on lower profit forecast ** Shares of Hong Kong ZCloud Technology Construction 9900.HK slip 3.9% to HK$6.39, on track for the biggest one-day pct drop since June 5
** Construction contractor, with market capitalisation of $2.45 bln, expects to post net profit of about HK$6.5 mln ($829,547) for FY26, as compared to profit of HK$31.1 mln a year ago
** The drop in profit is due to a fall in revenue and gross profit margin from building construction services, decrease in fair value of financial assets, and an increase in material costs - Co
** YTD, stock up 3.1%, while benchmark Hang Seng Index .HSI is down 5.8%
($1 = 7.8356 Hong Kong dollars)
(Reporting by Donny Kwok)
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