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Chu Kong Shipping Enterprises (Group) Co. Ltd. ( (HK:0560) ) has provided an update.
Chu Kong Shipping Enterprises (Group) Co. Ltd. has issued a profit warning, indicating a significant decline in profits for the first half of 2025, with an expected decrease of 55% to 70% compared to the same period last year. This decline is attributed to global trade frictions, particularly the renewed tariff dispute between the United States and China, as well as the opening of the Shenzhen-Zhongshan Link, which has impacted the company’s cargo and passenger transportation volumes. Despite these challenges, the company maintains a healthy cash flow and financial position.
More about Chu Kong Shipping Enterprises (Group) Co. Ltd.
Chu Kong Shipping Enterprises (Group) Co. Ltd. operates in the shipping industry, focusing on cargo transportation and cross-border waterway passenger transportation. The company is influenced by global trade dynamics and infrastructure developments in its market.
Average Trading Volume: 475,896
Technical Sentiment Signal: Buy
Current Market Cap: HK$930.6M
Find detailed analytics on 0560 stock on TipRanks’ Stock Analysis page.