B & S International Holdings Ltd. (HK:1705) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
B & S International Holdings Ltd. has issued a profit warning, anticipating a 35% to 45% drop in net profit for the six months ending September 2024 compared to the previous year, due to a weakened consumer market in Hong Kong. The company plans to enhance product offerings and marketing strategies while implementing strict cost control measures to counter the challenging economic environment. Investors are advised to exercise caution as the company finalizes its unaudited financial results, expected to be announced by late November.
For further insights into HK:1705 stock, check out TipRanks’ Stock Analysis page.