Courage Investment Group Limited provided consolidated earnings guidance for the six months ended 30 June 2018. For the period, the group expects to record an increase in loss for the six months ended 30 June 2018 as compared to the loss of approximately USD 1 million recorded by the group for the six months ended 30 June 2017. Such increase in loss was mainly attributable to recognition of the unrealized loss on listed equity securities held at the period end of approximately USD 2.7 million (which was mainly a reversal of the unrealized gains of approximately USD 2.5 million recorded for the year ended 31 December 2017) as compared with the comparable unrealized loss of approximately USD 0.8 million recorded for the six months ended 30 June 2017, despite the profitable results recorded by the three other business segments of the Group, namely marine transportation services, property holding and investment and merchandise trading businesses.