First Shanghai Investments Limited provided earnings guidance for the six months ended June 30, 2017. The group is expected to record a profit for the six months ended 30th June 2017 as compared with the loss for the corresponding period in 2016. The improvement in the results is mainly attributable to (1) absence of recognition of a non-cash accounting loss on disposal of a listed associated company, China Assets (Holdings) Limited, in the previous year amounted HKD 118 million; and (2) increase in revaluation gain of investment properties held in the PRC by approximately HKD 20 million. The impact was partially offset by the recognition of rental expenses during the pre-operating stage for a new medical centre to be set up in Hong Kong amounting to approximately HKD 20 million.