Fairwood Holdings (HK:0052) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- 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.
Fairwood Holdings Limited has issued a profit warning, anticipating a significant drop in profits by 50% to 60% for the six months ending September 2024 compared to the previous year. The decline is attributed to reduced consumer spending in Hong Kong and Mainland China, alongside increased expenses from closing underperforming stores. Investors are advised to exercise caution when dealing with Fairwood’s securities.
For further insights into HK:0052 stock, check out TipRanks’ Stock Analysis page.