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The latest update is out from S&T Holdings Ltd. ( (HK:3928) ).
China Next-Gen Commerce and Supply Chain Limited has warned that it expects to swing to a net loss of no more than S$6.0 million for the six months ended 31 March 2026, compared with a net profit of about S$410,000 a year earlier. The reversal is mainly due to a loss-making, complex one-off wharf demolition contract and a slowdown in other Singapore construction projects, which cut gross profit in that segment to roughly S$320,000 from S$2.63 million.
The group also incurred a net loss of up to S$3.0 million from its new trendy toys business in China, reflecting higher administrative and marketing spending in the inaugural year as it builds the MIITAKI brand and related IP with limited initial revenue. Management said these developments were expected and noted that an improving order backlog and gradual scaling of the toys business are anticipated to support better performance in the second half, with the board set to meet on 29 May 2026 to approve interim results and consider any interim dividend.
More about S&T Holdings Ltd.
China Next-Gen Commerce and Supply Chain Limited is a Cayman Islands–incorporated company listed in Hong Kong that operates a building construction works business in Singapore and is expanding into the trendy toys market in China. The group is developing proprietary intellectual properties and the MIITAKI brand as it builds out this new consumer-focused business segment.
Average Trading Volume: 334,381
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.14B
See more data about 3928 stock on TipRanks’ Stock Analysis page.