China Star Entertainment (HK:0326) 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.
China Star Entertainment Limited has issued a profit warning, anticipating a consolidated loss of HK$115 million to HK$135 million for the first half of 2024, a significant increase from the HK$82.4 million loss in the same period of 2023. The rise in losses is mainly due to higher marketing and employee-related expenses in their property sales and entertainment sectors. Investors are cautioned to be prudent when trading the company’s shares.
For further insights into HK:0326 stock, check out TipRanks’ Stock Analysis page.