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An announcement from Freetech Road Recycling Technology (Holdings) Ltd. ( (HK:6888) ) is now available.
Freetech Road Recycling Technology (Holdings) Ltd. has warned that it expects to swing to a net loss of about HK$50 million for the year ending 31 December 2025, compared with a net profit of approximately HK$12.6 million in 2024. The anticipated loss is mainly attributed to the delay of certain asphalt pavement maintenance projects into 2026 because project funding has not yet been confirmed for 2025, leading to lower APM service revenue, as well as expected impairments on trade receivables and contract assets. The company stressed that the figures are preliminary and unaudited, with final audited results due by the end of March 2026, and advised shareholders and potential investors to exercise caution when dealing in its shares.
The most recent analyst rating on (HK:6888) stock is a Hold with a HK$0.13 price target. To see the full list of analyst forecasts on Freetech Road Recycling Technology (Holdings) Ltd. stock, see the HK:6888 Stock Forecast page.
More about Freetech Road Recycling Technology (Holdings) Ltd.
Freetech Road Recycling Technology (Holdings) Ltd. is a Hong Kong-listed company engaged in asphalt pavement maintenance services, focusing on road recycling technologies and related engineering projects. The group operates through service contracts for asphalt pavement maintenance (APM), relying on project funding approvals and the timely execution of infrastructure works for its revenue stream.
Average Trading Volume: 169,976
Technical Sentiment Signal: Sell
Current Market Cap: HK$145.1M
See more data about 6888 stock on TipRanks’ Stock Analysis page.