China SCE Group Holdings (HK:1966) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China SCE Group Holdings Limited has issued a profit warning, indicating an expected loss of RMB 3.5 to 3.8 billion for the first half of 2024. This loss is significantly higher than the RMB 1.1 billion loss reported in the same period of the previous year, attributed to declining property selling prices and reduced demand for commercial properties. Investors are advised to exercise caution when dealing in the company’s shares.
For further insights into HK:1966 stock, check out TipRanks’ Stock Analysis page.
