HK Stock Market Move | CHINA EB LTD (00165) fell over 3% as it is expected that the mid-term profit attributable to shareholders will decrease by approximately 70% to 80% year-on-year.
China Everbright Holdings (00165) fell over 3%. As of the time of this report, it has declined by 3.62%, trading at HKD 5.865, with a transaction volume of HKD 15.41 million.
CHINA EB LTD (00165) dropped over 3%. As of the time of writing, it fell by 3.62%, trading at HKD 5.865, with a transaction volume of HKD 15.41 million.
On the news front, CHINA EB LTD recently announced that based on a preliminary assessment of the unaudited consolidated financial information for the six months ending on June 30, 2026, currently available to management, the group expects the profit attributable to the company's shareholders for this period to decrease by approximately 70% to 80% compared to the profit attributable to the company's shareholders for the same period in 2025, which was about HKD 399 million. The expected decline in profit is mainly due to a decrease in net investment income from private equity investments and an increase in impairment losses on customer loans.
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Etsy (ETSY.US) exceeded revenue expectations but laid off 12% of its staff; the new CEO said it is "restructuring for growth."
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