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An update from Beisen Holding Ltd. ( (HK:9669) ) is now available.
Beisen Holding Limited has announced a positive profit alert, indicating a significant reduction in losses for the fiscal year ending March 2025. The company expects a revenue increase of 8.0%-13.0% and a substantial improvement in annual recurring revenue by 17.7%-22.5%. The loss attributable to the company’s owners is projected to decrease significantly, primarily due to reduced losses from changes in the fair value of redeemable convertible preferred shares and share-based payments. Additionally, the company anticipates a positive operating cash flow, marking a notable turnaround from the previous fiscal year’s cash outflow.
The most recent analyst rating on (HK:9669) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on Beisen Holding Ltd. stock, see the HK:9669 Stock Forecast page.
More about Beisen Holding Ltd.
Beisen Holding Limited is a company incorporated in the Cayman Islands, operating within the technology sector. The company focuses on providing software solutions and services, with a market emphasis on subscription-based revenue models.
Average Trading Volume: 873,455
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.19B
See more data about 9669 stock on TipRanks’ Stock Analysis page.