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An update from Kinergy Corporation Ltd. ( (HK:3302) ) is now available.
Kinergy Corporation Ltd. has issued a profit warning, indicating an expected net loss of approximately S$3.6 million for the year ending December 31, 2024, a significant increase from the S$0.9 million net loss recorded in 2023. This anticipated increase in net loss is primarily due to a fair value loss on investment securities and higher income tax expenses. The company is still finalizing its financial results, which may be subject to further adjustments.
More about Kinergy Corporation Ltd.
Kinergy Corporation Ltd. is a company incorporated in Singapore, operating within the technology sector. It is listed on the Hong Kong Stock Exchange and is involved in the production and development of electronic and mechanical components.
YTD Price Performance: -8.46%
Average Trading Volume: 676,050
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$109.5M
See more data about 3302 stock on TipRanks’ Stock Analysis page.