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JTF International Holdings Ltd. ( (HK:9689) ) has provided an update.
JTF International Holdings Ltd. has issued a profit warning, indicating an expected increase in losses for the year ended December 31, 2024, ranging from RMB 8,000,000 to RMB 10,000,000. This increase is primarily due to a shift from gross profit to gross loss and a decrease in gross margin in its through-port trade, attributed to oil price fluctuations and conservative market sentiments. The company occasionally sold inventory below purchase cost to maintain market position and mitigate price risk. However, the absence of litigation-related expenses partially offsets the loss. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about JTF International Holdings Ltd.
JTF International Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the oil trading industry. The company focuses on through-port trade, dealing with the fluctuation of oil prices and market conditions.
YTD Price Performance: 2.70%
Average Trading Volume: 373,375
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$325.5M
For an in-depth examination of 9689 stock, go to TipRanks’ Stock Analysis page.