HK Stock Market Move | SAM WOO CONS (03822) surged more than 70%, and is expected to have a mid-term net profit of no less than HK$40 million.

SAM WOO CONS (03822) surged more than 70%, closing at a 76.92% increase to 1.38 Hong Kong dollars with a trading volume of 3.6923 million Hong Kong dollars. On the news front, SAM WOO CONS reported a profit surprise, with the group expecting to achieve a profit of no less than 40 million Hong Kong dollars for the six-month period ending on September 30, 2025, a significant increase from the profit of 3 million Hong Kong dollars achieved in the same period last year. The expected profit growth is mainly due to the ideal construction efficiency of the Lantau Island project, contributing the majority of the income and profit for this period; the final account settlement of major construction contracts completed many years ago, contributing additional contract income and profit for this period; and no impairment losses similar to those recorded in the same period last year for trade receivables and retention money.