Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An update from Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ) is now available.
Hony Media Group announced a change in the use of proceeds from its convertible bonds, reallocating HK$14,712,000 from interest payments to general working capital to enhance financial flexibility. Additionally, the company issued a profit warning, expecting a significant loss of approximately HK$177 million for 2024, mainly due to impairment provisions and increased finance costs, despite improvements in its Meerkat Health operation.
More about Huayi Tencent Entertainment Co., Ltd.
Hony Media Group, incorporated in the Cayman Islands, operates in the media and entertainment industry. The company focuses on digitized operation services in the healthcare industry and operates a smart healthcare services platform.
YTD Price Performance: -30.0%
Average Trading Volume: 6,934,414
Technical Sentiment Signal: Buy
Current Market Cap: HK$665.7M
For a thorough assessment of 0419 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue