Courage Investment Group Limited provided unaudited earnings guidance for the year ended 31 December 2020. For the year, the Group expects to record a loss attributable to owners of the company for FY2020 of not more than USD 4.0 million as compared to the profit of approximately USD 0.2 million recorded for the year ended 31 December 2019. Such turnaround of the Group's results is mainly due to the increase in impairment loss on vessels to approximately USD 2.8 million in FY2020 as compared with the net impairment loss on vessels of USD 0.2 million recorded in FY2019; and the decrease in fair value of an investment property of approximately USD 1.2 million in FY2020 as compared with the increase in fair value of USD 38,000 recorded in FY2019.