Shun Tak posts wider loss as revenue slips 12% in first half of 2026

Shun Tak Holdings Ltd. reported a wider loss for the first half of 2026, with revenue falling 12% amid continued pressure on its property and investment portfolio.

Shun Tak, known for its stake in the Hong Kong-Macau Ferry Terminal and a portfolio of commercial and residential assets, has been navigating a difficult operating environment alongside its peers.

For the six months ended June 30, 2026, the company posted an unaudited loss attributable to owners of HKD139.43 million, up 16% from HKD120.45 million in the same period last year, according to its interim results released Thursday.

Revenue declined to HKD1.18 billion from HKD1.35 billion a year earlier, while basic loss per share widened to 4.6 Hong Kong cents from 4.0 Hong Kong cents.

Excluding unrealized fair value changes on investment properties, profit attributable to owners fell 71% to HKD78.34 million from HKD269.84 million in the first half of 2025.

The company did not provide detailed commentary on the drivers of the decline in its initial announcement, but the results align with broader trends across Hong Kong’s property market, where transaction volumes have remained subdued and rental growth has stalled.

Shun Tak’s portfolio includes significant exposure to Macau, where it has long held interests in transport and property assets linked to the gaming hub.

Shun Tak did not announce any changes to its dividend policy in the interim results.