Carry Wealth Holdings Limited provided earnings guidance for the six months ended June 30, 2016. For the period, the group expected to record a significant loss as compared with a profit for the same period in 2015. The significant loss is mainly attributable to: influenced by the uncertainties on interest rate hike in the United States, China L- shaped economic development and the Britain's vote to leave the European Union, Hong Kong stock market was volatile in the first half of year 2016. The group's stock portfolio recorded a net fair value loss of approximately HKD 20.4 million for the six months ended June 30, 2016 as compared to a net fair value gain of HKD 31.8 million for the same period in 2015 arising from the securities investment business; and the economy of China continued to slow down and the US economy only expanded at a soft rate. Consumers' sentiment was weak and demand was sluggish. The group's garment manufacturing and trading business faced with fierce competition and the Group saw significant decrease both in its revenue and gross.