HK Stock Market Move | Tai Shun Group (00687) rises more than 8% after Ying Xi, expecting to achieve a net profit of approximately HK$40 million for the year, turning losses into gains compared to the same period last year.

Tai Sheng Group (00687) rose more than 8% after announcing positive earnings results. As of the time of writing, it has increased by 8.56%, reaching 0.203 Hong Kong dollars, with a total trading volume of 402,600 Hong Kong dollars. On the news front, Tai Sheng Group issued an announcement stating that the group is expected to achieve a net profit of approximately 40 million Hong Kong dollars for the year ending December 31, 2024, compared to a net loss of approximately 13 million Hong Kong dollars for the year 2023. The announcement mentioned that the shift from a loss in 2023 to a profit in 2024 is due to unforeseen land conditions and site restrictions that led to increased project costs and losses in the year ending December 31, 2023, which did not occur again in the current year.