Courage Investment Group Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the Group expects to record a loss attributable to owners of the Company for the six months ended 30 June 2020 compared to the profit of approximately USD 0.3 million recorded for the six months ended 30 June 2019. Such turnaround of the Group's results is mainly attributable to (i) the decrease in fair value of an investment property of approximately USD 1.1 million for the six months ended 30 June 2020 as compared with the increase in fair value of approximately USD 0.6 million recorded in the corresponding period in 2019; and (ii) the increase in unrealised loss on listed equity securities held at the period end of approximately USD 0.7 million as compared with the unrealised loss of approximately USD 0.04 million recorded in the corresponding period in 2019.