HWA Hong Corp. Ltd. provided earnings guidance for the fourth quarter and full year ended December 31, 2011. For the fourth quarter, the Group is expected to report a loss compared with a profit for the corresponding period in 2010 mainly due to lower rental revenue due to refurbishment works on a residential property in the UK and its warehouse in Paya Lebar, lower profit from trading of investment securities, lower gain from disposal of RiverGate apartments due to a more cautious market following the introduction of additional buyers' stamp duty by the Singapore Government and higher allowance for impairment losses on investment securities. For the above-mentioned reasons, the Group is expected to report a significant decline in profit for the full year ended December 31, 2011 as compared with the corresponding period in 2010 but the Group will remain profitable for the full year ended 31 December 2011.