Wanda Hotel Development (00169) saw its shares surge by nearly 36% during the morning session. At the time of writing, the stock had risen by 29.21%, trading at HK$0.115 with a turnover of HK$2.6676 million.

On the evening of March 20, Wanda Hotel Development issued a positive profit alert. Compared to a loss of approximately HK$989.4 million for the 2024 fiscal year, the group expects to turn a profit for the year ending December 31, 2025, with an estimated net profit ranging between HK$1.75 billion and HK$1.9 billion. This improvement is primarily attributed to a net gain of approximately HK$1.75 billion recognized from the sale of the entire issued share capital of its subsidiary, Wanda Hotel Management (Hong Kong) Limited. Additionally, the absence of an impairment loss of about HK$1.0452 billion on long-term receivables, which were reclassified as held-for-sale properties at the end of 2024, contributed to the result. However, this was partially offset by an impairment loss of roughly HK$17 million on properties held for sale recognized during the 2025 fiscal year.