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Beijing Digital Telecom Co. Ltd. Class H ( (HK:6188) ) has provided an announcement.
Beijing Digital Telecom Co., Ltd. has released a supplemental announcement to its annual report for the year ending December 31, 2024, highlighting the ageing profile of its guaranteed trade and other receivables. The company reported significant amounts of receivables with an ageing period of over three years, leading to a substantial provision for impairment losses. The announcement details the methodology for assessing impairment, including expected credit loss rates and forward-looking adjustments based on GDP growth scenarios. This approach reflects the company’s efforts to manage credit risk and maintain financial stability, which could impact its operational efficiency and stakeholder confidence.
The most recent analyst rating on (HK:6188) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Beijing Digital Telecom Co. Ltd. Class H stock, see the HK:6188 Stock Forecast page.
More about Beijing Digital Telecom Co. Ltd. Class H
Beijing Digital Telecom Co., Ltd. operates in the telecommunications industry, focusing on the distribution and retail of mobile telecommunications devices and accessories. The company primarily serves the Chinese market, offering a range of products and services related to mobile communication.
Average Trading Volume: 2,001,713
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$487.6M
See more insights into 6188 stock on TipRanks’ Stock Analysis page.