HK Stock Market Move | ASIA TELE-NET (00679) dropped over 20% in the afternoon, expecting a net loss of no more than 20 million Hong Kong dollars in the first half of the year.

ASIA TELE-NET (00679) dropped over 20% in the afternoon, and as of the time of writing, it has fallen by 20% to HKD 5.36, with a trading volume of HKD 16.0931 million. In news, recently, ASIA TELE-NET announced that the group expects to achieve revenue growth, increasing from HKD 237 million to HKD 424 million. The revenue growth is mainly attributed to the group's core business segmentplating equipment, which saw its revenue rise from HKD 214 million to HKD 406 million, an increase of 90%. However, compared to a net profit of about HKD 14.4 million for the six months ending June 30, 2025, the group expects to report a net loss not exceeding HKD 20 million for the six months ending June 30, 2026. The primary factors contributing to the decline in net profit include: losses from fair value changes in trading investment products and a reduction in losses from fair value changes in investment properties. The prices of commercial properties in mainland China and Hong Kong continue to remain weak, mainly due to oversupply and relatively weak local demand. Therefore, the group expects to incur a fair value change loss of approximately HKD 29.6 million for investment properties during the reporting period, compared to a loss of about HKD 53 million in the previous period.