Mei Ah Entertainment Group Limited (HK:0391) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Mei Ah Entertainment Group Limited has issued a profit warning, anticipating a significant loss of HK$30-40 million for the six months ending September 2024, compared to a HK$4.5 million loss in the same period last year. The decline is attributed to decreased revenue from film exhibition and rights licensing, poor performance of a film and musical release, and increased revaluation deficit of investment properties. Investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:0391 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue