Associated International Hotels Limited provided earnings guidance for the six months ended September 30, 2020. For the period, the company expects to record a loss before taxation of approximately HKD 608 million as compared to that of approximately HKD 331 million for the six months ended 30 September 2019, mainly attributable to the adverse impact brought by COVID-19 onto the business of the AIHL Group and the increase in valuation losses of approximately HKD 211 million in respect of its investment properties. Valuation losses on investment properties will only affect the accounting profit or loss but not the cash flow of the AIHL Group.