Hiap Hoe Limited provided earnings guidance for the first half of 2020. For the period, the group expects to report a loss for first half of 2020 as compared to a profit in the corresponding period for the previous financial year. The expected losses are mainly due to the lower revenue recognised by the Group's hospitality business which is adversely impacted by the COVID-19 pandemic as well as the fair value changes in financial instruments arising from the Group's investment portfolios due to weaker market sentiments.