Asiasec Properties Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects to record a net profit of the Group ranging from approximately HKD 260 million to HKD 270 million for the period, as compared to the net loss of the Group of approximately HKD 44 million for the year ended 31st December 2022. The turnaround of the financial performance of the Group were primarily attributable to a fair value gain of investment properties, which was mainly due to a fair value gain of investment properties acquired in 2023, as compared to a fair value loss of investment properties last year; and a reversal of impairment losses on loan and interest receivables in the current year as compared with the impairment losses last year.