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JS Global Lifestyle Company Limited ( (HK:1691) ) has issued an announcement.
JS Global Lifestyle Company Limited has issued a profit warning, indicating an expected net loss of up to US$56 million for the first half of 2025, compared to a net profit of US$29.6 million in the same period of 2024. This downturn is attributed to increased costs from expanding its presence in the Asia Pacific market, decreased sourcing service income from SharkNinja, Inc., and fair value losses on restricted share awards. Despite these challenges, the company anticipates an adjusted profit of no less than US$12 million, a decrease of up to 35% from the previous year.
The most recent analyst rating on (HK:1691) stock is a Buy with a HK$2.44 price target. To see the full list of analyst forecasts on JS Global Lifestyle Company Limited stock, see the HK:1691 Stock Forecast page.
More about JS Global Lifestyle Company Limited
JS Global Lifestyle Company Limited operates in the consumer lifestyle industry, focusing on the development and distribution of home appliances and lifestyle products. The company is actively expanding its market presence in the Asia Pacific region.
Average Trading Volume: 14,320,036
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.27B
For detailed information about 1691 stock, go to TipRanks’ Stock Analysis page.