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An update from KWG Living Group Holdings Limited ( (HK:3913) ) is now available.
KWG Living Group Holdings Limited has issued a profit warning, anticipating a net loss of up to RMB560 million for the year ending December 31, 2024, compared to a net profit of RMB62.3 million in 2023. This downturn is attributed to significant impairments on goodwill and trade receivables, driven by intense market competition and a challenging real estate environment in China, impacting the company’s revenue and profitability.
More about KWG Living Group Holdings Limited
KWG Living Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the real estate sector. It focuses on property management services, catering to the needs of residential and commercial properties.
YTD Price Performance: 9.38%
Average Trading Volume: 1,845,435
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$709.1M
For a thorough assessment of 3913 stock, go to TipRanks’ Stock Analysis page.
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