According to the Zhitong Finance App, Xingkai Holdings (01166) announced that it is expected to obtain losses attributable to company owners of about HK$55 million to HK$62 million in the six months ending December 31, 2023, while losses attributable to company owners for the six months ended 31 December 2022 are approximately HK$11.19 million.

The announcement stated that although deferred tax credits were obtained during the relevant period (while deferred tax expenses were obtained in the same period of the previous year), the expected increase in losses due to fair value losses in the Group's investment properties during the relevant period was mainly due to fair value losses in the Group's investment properties during the relevant period, and the Group achieved fair value net income for the same period last year.