Sitoy Group Holdings Limited provided earnings guidance for the six months ended 31 December 2020. For the six months, the company expected to record a loss attributable to the owners of the Company with a range from approximately HKD 80,000,000 to HKD 100,000,000, as compared to a profit attributable to owners of the Company of approximately HKD 45,984,000 for the corresponding period in 2019. It is mainly due to 1) the global COVID-19 outbreak since January 2020, and the recent surge in the number of COVID-19 cases reflects that the situation will remain volatile in the near future, which has dealt a strong blow to manufacturing and retail businesses and 2) the fair value loss expected to be recorded in the property investment business due to the downward movement in the Hong Kong commercial property market.