Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest update is out from Convenience Retail Asia Limited ( (HK:0831) ).
Convenience Retail Asia Limited has issued a profit alert, indicating an expected decline in profits by 60% to 70% for the year ended December 2024 compared to HK$58 million in 2023. The downturn is attributed to economic challenges in Hong Kong, increased competition from eyewear stores, startup costs in Singapore, and restructuring costs in Guangzhou. Despite the financial hit, the company maintains a healthy financial position.
More about Convenience Retail Asia Limited
Convenience Retail Asia Limited operates in the retail industry, focusing primarily on convenience stores and related services. The company is incorporated in the Cayman Islands and is listed on the Stock Exchange of Hong Kong.
YTD Price Performance: 1.22%
Average Trading Volume: 324,482
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$322.6M
For detailed information about 0831 stock, go to TipRanks’ Stock Analysis page.