Wanda Hotel Development Forecasts Turnaround to Profit in 2025; Shares Soar 13%

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Wanda Hotel Development (HKG:0169) expects profit of between HK$1.75 billion and HK$1.9 billion for 2025, compared with a loss of HK$989.4 million a year prior, according to a Friday Hong Kong bourse filing.

Shares of the hotel operator were up over 13% in Monday afternoon trading.

The company attributed the forecast to a net gain from the disposal of unit Wanda Hotel Management (Hong Kong).

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