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APAC Resources ( (HK:1104) ) has issued an announcement.
APAC Resources Limited has issued a profit warning, indicating a significant decrease in expected profits for FY2025, ranging from HK$160 million to HK$240 million, compared to HK$390 million in FY2024. The decline is attributed to losses in the commodity business segment, reduced profits from resource and financial services investments, and impairment losses related to its associate, Mount Gibson Iron Limited. Despite these challenges, the company’s cash position and liquidity remain unaffected by non-cash impairment losses.
The most recent analyst rating on (HK:1104) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on APAC Resources stock, see the HK:1104 Stock Forecast page.
More about APAC Resources
APAC Resources Limited is a company incorporated in Bermuda, operating primarily in the commodities and resource investment sectors. It focuses on commodity trading, resource investments, and financial services, with a significant market presence in Asia.
Average Trading Volume: 1,363,569
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.4B
Learn more about 1104 stock on TipRanks’ Stock Analysis page.