Shun Tak Holdings Limited provided earnings guidance for the year ended 31 December 2016. The board of directors of Shun Tak Holdings Limited informed the shareholders of the company and potential investors that the company and its subsidiaries are expected to record a loss attributable to owners of the company for the year ended 31 December 2016 as compared to a profit attributable to owners of the company for the year ended 31 December 2015. Such loss is primarily attributable to (i) the decline in revaluation of investment properties which is non-cash in nature; and (ii) the decrease in the Group's revenue recognition from sale of development properties which is cyclical in nature.