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Matrix Holdings Limited ( (HK:1005) ) has shared an announcement.
Matrix Holdings Limited has announced a significant reduction in its losses for the first half of 2025, with expected losses ranging from HK$10 million to HK$15 million, compared to HK$84.5 million in the same period last year. This improvement is attributed to increased revenue from expanded market penetration in the US and decreased administrative and distribution expenses due to cost-saving measures, reflecting the company’s strategic efforts to streamline operations and improve financial performance.
The most recent analyst rating on (HK:1005) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Matrix Holdings Limited stock, see the HK:1005 Stock Forecast page.
More about Matrix Holdings Limited
Matrix Holdings Limited, incorporated in Bermuda, operates in the manufacturing sector with a focus on expanding its market presence, particularly in the United States. The company is engaged in producing and distributing a variety of products, leveraging cost-saving measures to enhance capital efficiency.
Average Trading Volume: 42,508
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$340.3M
For a thorough assessment of 1005 stock, go to TipRanks’ Stock Analysis page.