Howkingtech International Holding Limited (HK:2440) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Howkingtech International Holding Limited has issued a profit warning, expecting an 80-85% drop in revenue and a net loss of RMB 24-27 million for the first half of 2024, compared to a net profit in the previous year. The decline is attributed to delayed IoT projects amid economic uncertainty and a lack of demand for telecommunication equipment. Shareholders and potential investors are urged to exercise caution when dealing with the company’s securities.
For further insights into HK:2440 stock, check out TipRanks’ Stock Analysis page.