Asia Standard International Group Limited provided earnings guidance for the year ended 31 March 2024. For the period, the company expected to record a loss attributable to Shareholders between HKD 5,500 million and HKD 6,100 million for the year ended 31 March 2024, as compared to a profit of HKD 801 million for the year ended 31 March 2023. The change is predominantly attributable to increase in provision for expected credit losses on investment in debt securities.

Other factors include a joint venture company, which owns a development project at Kwu Tung North has failed to reach a consensus within the prescribed time limit regarding the land premium amount, leading to subsequent land resumption by the government and hence the share of impairment provision for the project, and the much lower fair value gain on investment properties.