HK Stock Market Move | EDVANCE INTL (01410) Falls Nearly 20%; Fair Value Loss on Investments of HK$36 Million; Expects Interim Turnaround from Profit to Loss

EDVANCE INTL (01410) saw its decline rapidly widen, falling nearly 20% at one point during intraday trading. As of press time, it was down 17.53% at HK$1.035, with turnover of HK$1.8377 million. On the news front, after market close on November 10, EDVANCE INTL issued a profit warning, expecting to record a net loss attributable to owners of the company of approximately HK$22 million to HK$24 million for the six months ended September 30, 2026 (the first half of fiscal year 2027), compared with a net profit attributable to owners of the company of approximately HK$26 million in the same period last year. The expected turnaround from net profit to net loss is mainly due to a fair value loss of approximately HK$36 million on financial assets at fair value through profit or loss in respect of the unlisted investment in the holding company of Hong Kong Digital Asset Exchange Group, based on the valuation assessed by a professional valuer as of September 30, 2026, compared with a fair value gain of approximately HK$17.7 million on this investment at fair value through profit or loss in the same period last year.