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Four Seas Mercantile Holdings Limited ( (HK:0374) ) just unveiled an update.
Four Seas Mercantile Holdings Limited has issued a profit warning, forecasting a significant drop in its consolidated profit for the year ending March 31, 2025, to between HK$8 million and HK$13 million, down from HK$35 million the previous year. The decline is attributed to cautious consumer spending due to slower economic growth, high interest rates, and geopolitical tensions, along with a shift in consumer behavior towards cross-border shopping and dining. Despite these challenges, the company has maintained its market leadership by offering products at more affordable prices and implementing cost control measures.
More about Four Seas Mercantile Holdings Limited
Four Seas Mercantile Holdings Limited is a company incorporated in the Cayman Islands, operating in the consumer goods industry. It focuses on the retail and restaurant sectors, providing products and services to markets including Hong Kong.
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$988.3M
For detailed information about 0374 stock, go to TipRanks’ Stock Analysis page.